Zeev's Turnips Patch-No Politics (ZEEV)

[coach2]

The point I was trying to make is that their return on assets would be 33% going forward assuming they distributed the cash. Sales for the prior 3 fiscal years was $25.3B, $28.4b and 32.2B respectfully, resulting in revenue growth in excess of 12%. Operating margins during this period was approximatley 82%which includes losses from the xbox. During the past 4 quarters they spent $8B on r&d. I guess the management has no plan to make the home and entertainment division profitable in the future and they are wasting corporate assets with respect to their r&d expenditures.