Full-Time Investor. Investing Since: Feb. 2002. ZERO Income from: Fees / Salary / Commissions. Skin, Body and Soul in the Game. For More: Read Pinned Tweet👇
Sep 20, 2019 • 6 tweets • 2 min read
Corporate tax cut will bump up the FCFEs of companies who won’t be impelled / compelled to pass on the benefits of the tax cut by way of reduced prices of goods & services - you know which type of companies these are 😀
2/n As Buffett explained w.r.t. textile business: benefits of a lower industry-wide baseline cost structure (achieved through capex in this e.g.) prove to be temporary in a commodity like business.
