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Comment Re:Wheres the source of the cash? (Score 3, Interesting) 255

Personally, I believe that the issue is the USA's tax rates are too high on these companies so they are being encouraged to do business overseas instead of in their home country to shelter themselves from the tax rates in the USA.

I entirely agree. More specifically, I would like to see a tax swap between corporations and individuals. It would work like this:

  • Reduce or eliminate corporate tax
  • Dramatically increase the tax rates on the upper most individual income tax brackets
  • Tax dividends and capital gains at the same rate as regular income

Despite what some people want you to think, wealthy individuals are not "job creators". Corporations are! Think about it. That's why my plan would stimulate the economy and still balance the budget.

Comment Re:Original sealed container (Score 1) 316

TFA mentions that specifically.

In May, Cantrell and Gerona published a study that examined 40 EpiPens and EpiPen Jrs., a smaller version, that had been expired for between one and 50 months. The devices had been donated by consumers, which meant they could have been stored in conditions that would cause them to break down, like a car’s glove box or a steamy bathroom. The EpiPens also contain liquid medicine, which tends to be less stable than solid medications.

Testing showed 24 of the 40 expired devices contained at least 90 percent of their stated amount of epinephrine, enough to be considered as potent as when they were made. All of them contained at least 80 percent of their labeled concentration of medication. The takeaway? Even EpiPens stored in less than ideal conditions may last longer than their labels say they do, and if there’s no other option, an expired EpiPen may be better than nothing, Cantrell says.

Comment Re:Forward thinking != automatic success (Score 1) 113

Netflix has a pretty good track record, so unless the CEO is spouting some off-the-rails crap, I'll assume that they have a good plan in place.

In terms of off the rail crap, this statement qualifies in my opinion:

So in some senses, negative free cash flow will be an indicator of enormous success.

Negative cash flow is an indicator of huge expenses. They can either be out of control operating expenses (very bad), capital expenses (investment), or payments on debt. In none of these cases are they an indication of success.

In this case, negative cashflow is an indicator of a huge investment in content creation, which may or may not pan out. The CEO seems to think it's a sure thing, and investing vast sums of cash as a result.

On the other hand, this statement makes perfect sense:

Look, when we produce an amazing show like Stranger Things, that's a lot of capital up front, and then you get a payout over many years. And seeing the positive returns on that for the business as a whole is what makes us comfortable that we should continue to invest and integrate to basically self-develop many more properties as Ted (the content head) can find the appropriate ones.

He's saying the negative cash flow is due to capital expenses, and he expects to have a good return on that investment.

Comment Re:Language != Message (Score 1) 113

Some of y'all are WAY too hung up on the language, rather than on the message conveyed. Just sayin'

Yes, but if it wasn't for the screwed up wording, this wouldn't be news. The headline would read, "Netflix investing heavily in original content," and no one would care. They've been doing that for some time now.

Comment Re:Sell! Sell! Sell! (Score 3, Insightful) 113

It's nicer than saying, "We're reinvesting our earnings into the long term growth of netflix rather than pushing net cashflow that can be paid out as investor dividends because I care more about the longevity of Netflix more than your capital gains" to your shareholders.

Most investors will accept that statement eagerly. If investors only cared about dividends, the startups in Silicon Valley would have no funding.

A company flush with cash has two options to make investors happy:
1. Invest the cash into a new area that promises to have a large return on investment (this case).
2. Pay a dividend, or buy back stock.

The worst thing a company can do is sit on loads of cash, like Apple.

Comment Re:Sell! Sell! Sell! (Score 3, Insightful) 113

I think he's saying that spending money developing new shows is better than resting on their laurels and collecting cash.

That might be what he meant to say, but that's not what he said. He should have said, "we anticipate a reduction in cash as we make substantial investment in our in house programming. We expect a substantial return on this investment in the future."

Instead, he basically said, "High cost structure is an indicator of a successful business." Which is the opposite of true.

Submission + - Security Robot 'drowns' in fountain mishap (bbc.com)

Thelasko writes: A security robot in Washington DC suffered a watery demise after falling into a fountain by an office building.
The stricken robot, made by Knightscope, was spotted by passers-by whose photos of the aftermath quickly went viral on social media.

Comment The Last Thing We Need... (Score 1) 103

There are too many intelligence agencies in the US. If politicians were serious about eliminating government waste, they would consolidate all of those agencies into one, Central Intelligence Agency.

Having a bunch of isolated intelligence gathering agencies is how we ended up with Pearl Harbor, and 9/11.

Comment Re:Gawker burned to the ground, and good riddance (Score 1) 199

Gawker didn't burn to the ground. They reorganized. I find Gizmodo to be unreadable these days since the basically moved all of the Gawker staff to other parts of the company. Their principles are still alive and well, just without Nick Denton, and without the Gawker name.

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