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Amgen, Inc. (AMGN) Message Board

  • zbuzz1970 zbuzz1970 Aug 27, 2013 5:52 PM Flag

    I'm Shocked

    At the Fitch rating and the reaction to it. I thought that everybody knew that Amgen was one of those companies that was not repatriating their earnings to evade taxes. Heck, they have been borrowing money to cover their US dividend and buy shares for years. All of a sudden, they borrow more to buy Onyx and it throws off their debt ratios and everybody is shocked. I'm sure everybody on Wall street knew why Amgen was lining up financing before the acquisition in the first place. I did.

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    • holeinone1965@sbcglobal.net holeinone1965 Aug 28, 2013 8:04 PM Flag

      And I would do it to if I was able to, our government just wants to tax the #$%$ out of us and give the money away even to country that want us dead????

      • 2 Replies to holeinone1965
      • And another thing, nimrod. You probably haven't been an Amgen shareholder for long because otherwise you would know how much Amgen's products depended on government sponsored research in hematology, inflammation and cancer. If tax money hadn't been spent through the National Institutes of Health in the last half century, there would be no biotechnology industry in the US. And don't get me started on current Medicare reimbursement paying billions of dollars for Amgen drugs.

      • Of course you would evade your taxes. You're a free market libertarian! And probably a man who made his money the old-fashioned way (by "working" his way up in his father-in-law's business) .

        And besides, you (not surprisingly) missed the point. Wall Street encourages multinational corporations to keep their taxes down by not repatriating the money earned overseas. Then punishes them with low ratings when they have to borrow money to do business in North America. You don't see the irony? Sheesh, what a box of rocks.

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