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Universal Security Instruments Inc. Message Board

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  • mmmparsley mmmparsley Feb 13, 2009 1:01 AM Flag

    Selling In Japan?

    UUU paid about 42% in taxes this quarter despite earning most of its profits in Hong Kong, where they pay less in taxes because their US tax obligation is partially offset by taxes paid in HK.

    Taxed nominally, UUU would have earned about 370,000 this quarter.

    This quarter, or perhaps the next quarter or two should provide trough earnings as housing starts fall to as low as 350,000. After that, housing starts should rise and stabilize between 1 and 1.5 million.


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