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77. Re: More Big Picture Details Mar 3, 2013, 15:03 RollinThundr
 
HorrorScope wrote on Mar 2, 2013, 13:59:
Creston wrote on Mar 2, 2013, 11:49:
HorrorScope wrote on Mar 2, 2013, 11:13:
If EA is so right about micro-transactions, why can't the company make a profit? To some, their consistent losses would state they are wrong all the time about something, reminded every quarter of that to.

I work at a large company to, I'd shutter to think what we would be slashing if we actually lost a lot of money instead of made a lot. We're already squeezed and making more profit per quarter than ever.

How do companies stay in business losing 10's, 100's of millions a quarter? There are quite a number of them, I never really got it. Do they just pile up debt like countries? JCP lost 427 million last quarter, that is probably like 10 years worth of profits in good times for them, so why even bother? GM rec'd like 20 billion a couple years ago, how can your books be that far off without lying for decades about your financials?

They just lose money on paper. They don't actually lose money, they would have been out of busy for a long time by now. No company the size of EA can lose money for ten years straight and still keep running. (You can if you get REALLY big, like GM. GM CAN do so, because they just cry for more money when it runs out. American Airlines is exactly the same.)

It's called Creative Accounting, or "Arthur Andersen 101." By not making a profit, they don't have to pay taxes, AND they don't have to pay dividends.

Realistically the IRS should do something about this kind of horseshit, but the government gets too much grease money to make corporations pay their fair share. Much easier to tax the average citizen more to make up for the difference.

Creston


Now I won't say you are wrong at all, because bottom line I do not know if it's a paper loss or not and your beliefs are not all that uncommon. But then we don't want to hear from others in rainbow land:
Since their public they have to report accurate financials.

Because what you are saying is not only are they not, it's not even close. Instead of hundreds of million in losses (approaching a billion) it's actually making money. I mean really if that is true there has to be an investigation. As Marv from Sin City would say "that's a whopper". Sarbanes oxley right out the window along with another 1/2 dozen laws.

And if true, who in their right mind would own their stock? You own stock in a company that wants to lose money aka it's not going to produce the results you want. Are you that stupid?

All these mofo republican ran corporations and their tax whining aren't even paying their taxes any way, that is why we are bankrupt. Over spending is but just a smaller part of the issue, that spending was budgeted/planned for by everyone paying their share, fair or not. When they don't pay their taxes this isn't gov't over-spending it is tax evasion. My how we spin our webs.

We're bankrupt because we spend too much. Tax all those rich "republican" business owners (because apparently there's zero rich democrats *cough all of hollywood cough*) 100% and we still wouldn't dent our deficit. 15 trillion. And climbing.
 
 
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