Outrageous Reaction to Profits

Discussion in 'Politics' started by Revmitchell, Aug 6, 2008.

  1. Revmitchell

    Revmitchell
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    ......Compare ExxonMobil's performance to the results of CBS, a liberal-
    progressives media darling. For the same 2nd quarter of 2008, CBS
    reported a net income margin of 10.4% (net income of $408.4 million
    on sales of $3.930 billion). That net income margin was roughly 25%
    higher than the 8% net income margin reported by ExxonMobil.

    By Senator Obama's logic, our cable bills would be lower if Congress
    imposed excess-profits taxes on CBS.....


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  2. Ed Edwards

    Ed Edwards
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    There is nothing new.

    Back probably in '76 the CBS headline was:

    Exxon Doubles Profit!

    That quarter the Exx0n Return on Investment was near 1%;
    the quarter before the Exxon Return on Investment was near 1/2 of 1%.
    The CBS return on investment was running like 10% (this was when money was bought at 16% and sold at 24%).
     

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