Biotech Values

[10nisman]

Cougar3,

PFE files consolidated financial statements. Therefore, the cash balance on its financials statements includes all cash held w/in domestic and foreign entities. Thus, you will not find any new cash holdings that weren't include in previous financial statement filings.

It was mentioned by a number people on this board that the benefit of the repatriation was to give PFE and the other MNC's a tax break (taxing them only 5.25% on repatriated earnings vs. 35%) in order to stimulate investment in the U.S.. I don't understand why this is so hard to understand.

Since you are a retired 62 year stockbroker, why don't you go back to school and take some accounting and tax classes. Its never too late to learn something new.

Good luck,
10nis