It sure wasn’t to save j0bs I guess
AstraZeneca
plans to eliminate 550 research-and-development jobs at it U.S. headquarters in Fairfax as part of a global strategy shift that will shutter two laboratories in Europe and pare 8,000 jobs by 2014.
The company plans to focus research on a “smaller number of disease areas” and reduce the number of research and development centers it operates through consolidation. Drug companies around the world have been trimming research in areas that haven’t produced products successful enough to recoup the investment.
All lab research in psychiatric medicines will end at Fairfax, but AstraZeneca said the site will become the company’s new base for directing clinical trials and other activities related to shepherding new products through the government approval process.
I distinctly recall Jack gallivanting off to Europe to beg for jobs though
Gov. Jack Markell will travel to Europe next week to meet with business leaders.
The governor announced Thursday evening that he will be traveling to Germany and England and will meet with executives at the Fraunhofer Institute, AstraZeneca, Barclays Bank and HSBC to try to lure more jobs to Delaware.
He will leave Monday and return Friday afternoon.
“So many Delawareans work for companies whose international headquarters need to know how committed our state is [at] being a great partner for new jobs and economic growth,” Markell said. “We have an incredible work force, increasingly good schools, a great quality of life and the ability to react quickly to seize economic opportunities when they arise.”
I’d like to share with you a few numbers on our lovely drug dealers that should shed light on just how neccessary these cuts are. AZ’s EPS are currently $5.19 per share. That means if you own one share you should get about 5.19 over the course of the year. The share price currently is $44.36. That is an 11% ROI. Assuming the EPS stays around that area and the stock price does too, as your stock broker. I’m telling you to fucking buy this stock!!! That is a serious EPS for the price people. How many AZ shares are out there you ask? 1,450,000,000.
1,450,000,000 x $5.19 = (try doing the math on your calculator, you’ll run out of spaces) $7,525,500,000 paid out in profits every year.
When do we take back the tax breaks we gave them to create jobs? Because they sure don’t appear to be hurting in the Profit aspect of drug dealing and those awful things called taxes sure don’t seem to be holding them back either. Way to go Jack, big win for Delaware. At least we have those $100k electric cars in Newark to boost our economy.
<SCRIPT language=”JavaScript1.1″ src=”http://ad.doubleclick.net/adj/N3382.yahoo.comOX2562/B4160537.45;abr=!ie;sz=120×60;click=http://us.ard.yahoo.com/SIG=15l4e36hf/M=757214.13840875.13863096.4227981/D=fin/S=95993639:FB2/Y=YAHOO/EXP=1267631214/L=a10ZQ0wNclL.xET5Szz9dQCDQFrgKEuOaE4ACid_/B=FIEFDUPDoHg-/J=1267624014708613/K=7lfS8WoYEGKdojSr_dby1Q/A=5958928/R=1/*;dcopt=rcl;mtfIFPath=nofile;ord=1267985886464″></SCRIPT><NOSCRIPT><A HREF=”http://us.ard.yahoo.com/SIG=15l4e36hf/M=757214.13840875.13863096.4227981/D=fin/S=95993639:FB2/Y=YAHOO/EXP=1267631214/L=a10ZQ0wNclL.xET5Szz9dQCDQFrgKEuOaE4ACid_/B=FIEFDUPDoHg-/J=1267624014708613/K=7lfS8WoYEGKdojSr_dby1Q/A=5958928/R=2/SIG=1337li3qu/*http://ad.doubleclick.net/jump/N3382.yahoo.comOX2562/B4160537.45;abr=!ie4;abr=!ie5;sz=120×60;ord=1267985886464?”><IMG SRC=”http://ad.doubleclick.net/ad/N3382.yahoo.comOX2562/B4160537.45;abr=!ie4;abr=!ie5;sz=120×60;ord=1267985886464?” BORDER=0 WIDTH=120 HEIGHT=60 ALT=”Click Here”></A></NOSCRIPT>
Astrazeneca PLC Common Stock
(NYSE: AZN)
| Last Trade: | 44.36 |
|---|---|
| Trade Time: | Mar 2 |
| Change: | 0.00 (0.00%) |
| Prev Close: | 44.36 |
| Open: | N/A |
| Bid: | N/A |
| Ask: | N/A |
| 1y Target Est: | 49.09 |
| Day’s Range: | N/A – N/A |
|---|---|
| 52wk Range: | 29.96 – 50.70 |
| Volume: | 0 |
| Avg Vol (3m): | 1,536,240 |
| Market Cap: | 64.37B |
| P/E (ttm): | 8.55 |
| EPS (ttm): | 5.19 |
| Div & Yield: | 3.42 (7.80% |
Uhhh, Mr Viti, you really need to learn to read stock charts. Earnings per share does not equal dividends per share, so an individual shareholder does not get $5.19 annually per share. AZN’s dividend is $1.71, which isn’t bad, but it isn’t what you said. AZN pays two dividends per fiscal year, the second larger than the first; with a $0.59 dividend payment on 14 September 2009 and a $1.71 dividend payment scheduled for 15 March, the total fiscal year dividend payment will be $2.30. At a current share price of $45.46, you are looking at a dividend return of 5.059%, which isn’t bad at all, but it isn’t what you said it was.
People make money in AZN stock by selling it for more than they paid for it. On Friday, AZN gained $0.65 from open to close, so if you bought AZN on Thursday and sold it on Friday, you made 1.45%, not bad for one day. AZN’s 52 week low/high was $29.96/$50.70. If you bought at the 52 week low, and sold yesterday, you made a whopping 51.73%, a tremendous return, but if you bought at the 52 week high, you have lost 10.34% in value. A per share dividend payment of $1.71 kind of soothes the $5.24 net loss. Thing is, you have to pay income taxes on the dividend, in the year it is paid, and if you have a capital gain from stock sales earnings, you have to pay capital gains taxes, but if you have a capital loss (selling the stock for less than you paid), you may not be able to write all of it off in a given year.
You wrote:
Of course not, because corporations don’t pay taxes at all; they simply collect taxes from the end consumer of their products. Where this directly affects shareholders is that profits are taxed before dividend distribution, so shareholders received diminished dividends in the first place, and then have to pay income taxes on the dividends they do receive.
loading...
Of course not, because corporations don’t pay taxes at all; they simply collect taxes from the end consumer of their products.
yawn
next you’ll tell me that we should have a flat tax and everyone should pay the same amount. A real patriot you are and student of democracy.
loading...
Actually, that is exactly what I favor! Why should you be taxed any differently than I am? Are you more (or less) of a citizen than I am?
loading...
of course it is Dana, b/c in your world that makes sense. But, your way is a reverse progressive tax is it not? So, how do you make everyone pay the same dollar amount? Right back where we started aren’t we?
Sadly, someone making 90,000 a year can more afford to pay 10% of their income where someone making $45k would have a much more difficult time.
So in your world that is fair, in my world and the way our country works is that sadly the poor schlepp making $45k more might have to pay a teeny weeny more in taxes. It’s a sad price to pay isn’t it? I guess the guy will just have to make less money to pay less taxes.
That is why the taxes should be different. And spare me the bologna about the guy making 90,000 being taxed more and therefor is being penalized more.
loading...
My way is a per individual tax, which was what the Framers thought was the only fair way to do things . . . and they were right. That someone who has more is less inconvenienced by a fair tax makes absolutely no difference to me, any more than the fact someone making $50,000 in New York City is far more burdened with the tax on $50,000 than someone making $50,000 in North Dakota.
loading...