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Avoid Buying Stocks with company with large deferred taxes

 
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Avoid Buying Stocks with company with large deferred taxes - 11/16/2004 12:41:26 AM   
madmickey

 

Posts: 1336
Joined: 2/11/2004
From: Calgary, Alberta
Status: offline 		This is off topic, but if this help one person it is worthwhile. A lot of people are interested in buying stocks. The market has jumped up since the election. I have one suggestion avoid companies that have really large deferred taxes on their balance sheet. Deferred taxes have nothing to due with the IRS or revenue Canada. When a company uses a different accounting procedures (depreciation etc) than one used by the government it creates profits on its net income statement that are not in the tax report accountants than assign the standard tax rate to this supposed profit resulting in something call deferred taxes. Large deferred tax number indicates profits are over reported.
Post #: 1
Another totally OT thread - 11/16/2004 1:36:34 AM   
Bodhi


Posts: 1267
Joined: 8/26/2003
From: Japan
Status: offline 		Don't think this is the place for this, do you?

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Bodhi

(in reply to madmickey)
Post #: 2
RE: Avoid Buying Stocks with company with large deferre... - 11/16/2004 4:43:54 AM   
tsimmonds


Posts: 5498
Joined: 2/6/2004
From: astride Mason and Dixon's Line
Status: offline 		It's not just deferred taxes. Essentially any "asset" that isn't cash, a receivable or a security of some kind, or real estate, sooner or later will wind up on the company's income statement as a reduction of net income....

Yes, we are shamefully OT. But at least it is practical and not just annoying political BS.

< Message edited by irrelevant -- 11/15/2004 10:04:55 PM >

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RE: Avoid Buying Stocks with company with large deferre... - 11/16/2004 5:00:11 AM   
Don Bowen


Posts: 8183
Joined: 7/13/2000
From: Georgetown, Texas, USA
Status: offline 		When buying stocks I follow the advice of Will Rogers:

Buy stocks and, when they go up, sell them. If they do not go up, don't buy them.

(in reply to madmickey)
Post #: 4
RE: Avoid Buying Stocks with company with large deferre... - 11/16/2004 8:40:57 AM   
madflava13


Posts: 1530
Joined: 2/7/2001
From: Alexandria, VA
Status: offline 		Buy Low. Sell High

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RE: Avoid Buying Stocks with company with large deferre... - 11/16/2004 9:01:25 AM   
Sredni

 

Posts: 705
Joined: 9/30/2004
From: Canada
Status: offline 		I use a piggy bank myself.

(in reply to madmickey)
Post #: 6
RE: Avoid Buying Stocks with company with large deferre... - 11/16/2004 11:13:42 AM   
testarossa


Posts: 952
Joined: 9/24/2004
From: Vancouver, Canada
Status: offline 		Or they use creative accounting and all reports have no value whatsoever.

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Post #: 7
RE: Avoid Buying Stocks with company with large deferre... - 11/16/2004 12:27:15 PM   
seblinselles


Posts: 6
Joined: 10/1/2004
From: Paris, France
Status: offline 		I agree with Bodhi can see any link with WITP.
Is there any feature that enable me to buy stocks of Mitsubishi in the game!




Attachment (1)

(in reply to madmickey)
Post #: 8
RE: Avoid Buying Stocks with company with large deferre... - 11/16/2004 5:17:00 PM   
KPAX


Posts: 735
Joined: 6/3/2004
From: Where the heart is; Home of the Fighting Irish
Status: offline 		Yes, lets stay on topic of WitP.

Deferred taxes are not always bad. Essentially, it is a timing difference of book to taxable income.

And you have to have things in the balance sheet that eventually go to the profit or loss otherwise what are you making or selling. Got to spend money to make money.

On topic, please.

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Thanks !!

KPAX

(in reply to seblinselles)
Post #: 9
RE: Avoid Buying Stocks with company with large deferre... - 11/16/2004 7:19:30 PM   
adsoul


Posts: 159
Joined: 6/4/2004
Status: offline 		Jesus Christ was born in Bethlemme... yep, off topic, but alot of people is interested in religion OK, OK, just waiting for my opponent turn

< Message edited by adso -- 11/16/2004 5:21:07 PM >

(in reply to madmickey)
Post #: 10
RE: Avoid Buying Stocks with company with large deferre... - 11/16/2004 10:33:23 PM   
rhohltjr


Posts: 536
Joined: 4/27/2000
From: When I play pacific wargames, I expect smarter AI.
Status: offline
quote:

ORIGINAL: seblinselles
Is there any feature that enable me to buy stocks of Mitsubishi in the game!


quote:

ORIGINAL: KPAX
Yes, lets stay on topic of WitP.


Apparently no way to buy Mitsubishi stock in the game that I know of since
Nikkei and Jasdaq came about after Scenario 15 (or any variation) ends. IIRC.

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Amphibious Assault at Kota Bharu
TF 85 troops securing a beachhead at Kota Bharu, 51,75
whew! I still feel better.

(in reply to seblinselles)
Post #: 11
RE: Avoid Buying Stocks with company with large deferre... - 11/17/2004 5:49:41 AM   
DrewMatrix


Posts: 1429
Joined: 7/15/2004
Status: offline 		Maybe Matrix can set up a separate forum for Investing and Financial Planning.

That would be helpful in getting to that early retirement that would let us spend lots more time playing WITP, so it really isn't off topic.

But it needs its own forum.

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Beezle - Rapidly running out of altitude, airspeed and ideas.

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Post #: 12
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