Integrated Freight Corp (fka IFCR)

[eddy2]

https://www.deere.com/en/harvesting/s-series-combines/

Another possibility is that the service is subsidized by the goverment. Let me explain goodwill. Let's take a farmers combine. To produce a combine the cost is well North of what the farmer pays for it. The farmer is subsidized for the purchase. The catch is the lost value subsidized by the goverment can not be writen down in a default situation or in the case of shelf depreciation.

So what happens is a portion of the subsidlce is clawed back through taxs.

This takes us again back too treasury stock owed and once purchased back is removed from the liability owed to the goverment.

Earnings retained along with capital surplus is used to pay the excess taxs owed.

This often apears as a cash flow short fall as this extra tax is paid due too the gift bestowed onto the farmer.

The company is not allowed to charge the farmer this tax on purchase of the combine by the farmer.

So take the goodwill of the goverment and minus the treasury stock owed is you new profit margin relative to your capital cost of the combine ect.

Don't forget the depreciation cost into your capital cost to produce the product.

This is were often you will find your negative interest rates. Good luck and tread with caution it is a very merky waters when it comes to investing in the market.