I just don't understand?

[riptides]

What I don't understand is why we have not locked this thread and moved on....

Becasue it is an interesting read going from green and orange comparisons to
smooth bore muzzles, submarines. motgages, global markets, american business dealings. government backings and purchasing power.

It proves that tractor owners/operators and business men/women associated with tractors are keen to the workings of the world, not just the dirt or crop underneath.

Happy New Year to all.
-Mike Z.

 

[BTDT]

It's the same with the "Honda Hydrogen Car" post. I clicked over there thinking I would read about a hybrid vehicle, and they were rattling about some outdated C++ computer programing logic or codes or something.

 

[rback33]

It's the same with the "Honda Hydrogen Car" post. I clicked over there thinking I would read about a hybrid vehicle, and they were rattling about some outdated C++ computer programing logic or codes or something.

See... I knew there was a reason why I had not bothered to open that thread....

 

[orezok]

If I'm not mistaken, corporations are owned by stockholders, not the country of origin. I'd be willing to bet that at least one of you owns stock in a foreign corporation.

So where do the profits really go?

 

[DAP]

One good reason, not concidering price, is the money stays in a United States of America company.

Sorry there jwnge, but John Deere is about as American as Toyota. They do make about 10% of their model line in the US, but the other 90% are a global congolomerate, right down to the tires.

The electronics are japanese as is the motor; the tires are now produced in Brazil (Titan was recently sold) ... the rest of the machine comes from other locations .... John Deere Made in the USA is a thing of the past mostly.

 

[MikePA]

They do make about 10% of their model line in the US, but the other 90% are a global congolomerate, right down to the tires.

Just curious....Where do these figures come from?

According to Deere's 2006 10-K report;

• 69% of the manufacturing square footage
• 58% of their employees
• 76% of their operating profit

are in/from operations in the US and Canada.

 

[wolc123]

Mike's numbers come from JD's 2006 10-k which should be public domain and easily verified. I also would be interested in the source of Doug's numbers.

 

[MikePA]

Mike's numbers come from JD's 2006 10-k which should be public domain and easily verified.

Click Here

 

[SkyPup]

If I'm not mistaken, corporations are owned by stockholders, not the country of origin. I'd be willing to bet that at least one of you owns stock in a foreign corporation.

So where do the profits really go?

It is illegal for a US citizen to hold stock in a foreign corporation, all you can hold is an ADR, otherwise you are a criminal.......

 

[rback33]

It is illegal for a US citizen to hold stock in a foreign corporation, all you can hold is an ADR, otherwise you are a criminal.......

Wow.. I am sure glad this post is informative again.... I think that was a tidbit I knew but forgot...lol

 

[orezok]

Toyota, amongst others, is listed on the New York stock exchange. Are you saying that it's illegal to own Toyota stock?

 

[SkyPup]

Toyota, amongst others, is listed on the New York stock exchange. Are you saying that it's illegal to own Toyota stock?

It is illegal for a US citizen to own foreign stock like I said previously. You can only hold an ADR, which then subjects you to the foreign counties income tax laws, etc.....

An American Depositary Receipt (ADR) is a share of stock of an investment in shares of a non-US corporation. The shares of the non-US corporation trade on a non-US exchange, while the ADRs, perhaps somewhat obviously, trade on a US exchange. This mechanism makes it straightforward for a US investor to invest in a foreign issue. ADRs were first introduced in 1927

 

[tallyho8]

Just curious....Where do these figures come from?
According to Deere's 2006 10-K report;

• 69% of the manufacturing square footage
• 58% of their employees
• 76% of their operating profit

are in/from operations in the US and Canada.

The last I heard, Canada was still a foreign country. (to those living here in America) I wonder what the figures are for America only.

 

[MikePA]

The last I heard, Canada was still a foreign country. (to those living here in America) I wonder what the figures are for America only.

Apparently, JD doesn't differentiate between the US and Canada and simply reports them as North America. I am still waiting for the source of the 10% figure. My guess is the source is someones imagination.

 

[Casey1]

If JD doesn't know the difference between USA and Canada then I wouldn't put too much stock in the numbers they allow for public scrutiny.

 

[MikePA]

If JD doesn't know the difference between USA and Canada then I wouldn't put too much stock in the numbers they allow for public scrutiny.

Obviously they know the difference, they choose to report them as North America. Plus these are legal documents not simply ones for 'public scrutiny'.

 

[orezok]

Originally Posted by SkyPup
It is illegal for a US citizen to hold stock in a foreign corporation, all you can hold is an ADR, otherwise you are a criminal.......

Other than the Securities Act of 1933 which requires registration of certain foreign stocks and certain countries which prohibit foreign ownership, I see no current legal prohibitions to foreign stock ownership.

ADR's are an option, not a requirement.

 

[SkyPup]

Originally Posted by SkyPup
It is illegal for a US citizen to hold stock in a foreign corporation, all you can hold is an ADR, otherwise you are a criminal.......

Other than the Securities Act of 1933 which requires registration of certain foreign stocks and certain countries which prohibit foreign ownership, I see no current legal prohibitions to foreign stock ownership.

ADR's are an option, not a requirement.

What are the foreign stocks that you own that meet your requirements?

 

[SkyPup]

Toyota, amongst others, is listed on the New York stock exchange. Are you saying that it's illegal to own Toyota stock?

Why don't you attempt to purchase some of Toyota's stock and then complain to your broker that you are a US Citizen and you don't want the Toyota ADR that is listed on the NYSE but instead you only want the real Japanese stock?

Even better yet, just set up your own overseas corporation and make yourself the sole shareholder and then see what the IRS and Justice Department have to say about your offshore foreign corporation......

 

[DAP]

Just curious....Where do these figures come from?

According to Deere's 2006 10-K report;

• 69% of the manufacturing square footage
• 58% of their employees
• 76% of their operating profit

are in/from operations in the US and Canada.

Mike ... I've read the same things you have. My 10% estimate is based on the model lines built entirely in the United States (sans Canada). Is this incorrect?

Were we to take JD's numbers as gospel and at face value, the cup is half something or other:

• 31% manufactured over seas or not in North America
• 42% of it's employees are not located in North America
• 22% of their operating profit is from abroad (this latter point is merely a sales figure i.e. that profit comes from N. American sales)

Now, to my point, the poster intimated that JD's dollars are spent and earned in the U.S. No matter how you slice it, this is patently misleading if not plainly untrue. Let's not obfuscate the intent here.