Recent comments in /f/wallstreetbets

Position_Emergency t1_je0zayn wrote

Reply to comment by mazarax in What is going on with Unity stock by Artuhan

Yeah, he is talking bullshit.
A company $2.7B in debt tells its investors it made an EBITDA profit of $13 million dollars in a single quarter and we're supposed to think that's indicative of something resembling profitability?

Imagine what the interest payments on that debt are.
Oh, and $1 billion of the debt was taken on that very same "profitable" quarter!

Unity has no plausible roadmap for becoming profitable in the near to mid future let's be real.

I'm not saying it's a bad buy though given the insanity of the stock market...

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Grizzlymon t1_je0wokb wrote

Reply to Who is taking the extra profit here? by n1ck90z

Lower shipping rates aren't creating a windfall for anyone. Sales volume is down for everyone, this is just providing balance. Rates can't stay high on softened demand. The companies paying the shippers aren't generating the revenue they were a year ago.

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BossBackground104 t1_je0uxi4 wrote

Reply to The economy in 2023 for dummies by Temperature_Foreign

Banks make money from fees. When rates rise, they make more money. For the past 14 years, the Fed lent banks money at zero %. Once that stops, high rates are a bank's best friend. When rates rise, the cost of goods and services fall. That's why raising rates lowers inflation. The bank failures of late, have been due to poor management, just like any other business. Whole it's nice to have stocks continue to rise, at some point your stock shares aren't worth what you paid for them, big boys will sell for profit and you will be a bagholder. So while it might be a good company and a good product, it's not worth the price. Then here comes a crash.

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mazarax t1_je0s8y5 wrote

Reply to Who is taking the extra profit here? by n1ck90z

If demand for shipping goes down more than this, it means globally, we stopped buying stuff.

All those empty ships will mean a world economy that grinds to a halt.

Good for the planet, I guess... less CO2 emissions.

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wallstreetbets-ModTeam t1_je0qv4f wrote

Reply to Made money on my first call! Tax question by f909

Thanks for your submission!

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VisualMod t1_je0qi91 wrote

Reply to Made money on my first call! Tax question by f909

>There's no need to worry about taxes on profits, as long as you're in a country with a low tax rate. If you're in the US, then you can just let your P/L sheet talk to the IRS at the end of the year and they'll take care of everything for you. Otherwise, if you're in a high tax country, then it's probably best to pull out 20-25% of your profits and set them aside so that you don't have to pay too much in taxes.

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VisualMod t1_je0qhgs wrote

Reply to Made money on my first call! Tax question by f909

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