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"I think we are up $40 billion since I made that big deal for myself," said President Donald Trump in an interview with Fox News. "They came in to see me, and I say, 'You know what? I think United States should own 10% of your company.' And they gave me 10%. It has been good to them too. Their stock has gone up so much that they end up making a fortune, but we make $30 or 40 billion dollars on that deal. And the same thing with that Mountain Pass. But in that case, it's because we want to get the rare earth refined."
"I think we are up $40 billion since I made that big deal for myself," said President Donald Trump in an interview with Fox News. "They came in to see me, and I say, 'You know what? I think United States should own 10% of your company.' And they gave me 10%. It has been good to them too. Their stock has gone up so much that they end up making a fortune, but we make $30 or 40 billion dollars on that deal. And the same thing with that Mountain Pass. But in that case, it's because we want to get the rare earth refined."
I have followed CNBC for over twenty years, Maria Bartiromo is not their best interviewer and doesn't do her homework. Do your own homework on this one. I do this professionally, so this is not just a casual thought, I put considerable money on my own research. CNBC is generally a very good source and Liz Claman who worked for CNBC for years and no longer was one of my best sources of market intellligence.
Politics has never been funnier. Ronald Reagan was funny. I remember when Gerald Ford used to do physical comedy falling down and stuff but this is next level funny! GO USA!
The investment was objectively a great investment for the US. They also have warrants at 20/share if Intel sells off IFS. It was also a great deal for Intel as it helped balance sheet. the deal also eliminated future grants and restrictions on grants. Its a great deal
Yes Trump gloats and says he did it all .... that it nothing new.
every stock investor claims they made money based on value, whether they cashed out or not.
The investment was objectively a great investment for the US. They also have warrants at 20/share if Intel sells off IFS. It was also a great deal for Intel as it helped balance sheet. the deal also eliminated future grants and restrictions on grants. Its a great deal
Yes Trump gloats and says he did it all .... that it nothing new.
every stock investor claims they made money based on value, whether they cashed out or not.
Yes, you can dislike Trump and how he does things - that doesn't take much effort.
But objectively looking at this after a few~months, it is easy to call this a good deal.
Frankly who cares what he takes credit for - it's definitely benefited Intel and by extension, the US taxpayer.
That's the proverbial win-win scenario....
Yes, you can dislike Trump and how he does things - that doesn't take much effort.
But objectively looking at this after a few~months, it is easy to call this a good deal.
Frankly who cares what he takes credit for - it's definitely benefited Intel and by extension, the US taxpayer.
That's the proverbial win-win scenario....
Well if stopping the bleeding (cash flow) and improving the balance sheet bump up the share price, then that happens.
It doesn't have to be THE objective, but as a result of taking those actions - objectively viewed - is a positive thing (for Intel).
Yes, you can dislike Trump and how he does things - that doesn't take much effort.
But objectively looking at this after a few~months, it is easy to call this a good deal.
Frankly who cares what he takes credit for - it's definitely benefited Intel and by extension, the US taxpayer.
That's the proverbial win-win scenario....
Hold on a moment. What's actually changed here ? The Intel share price has increased. And that's about it so far. It seems rather premature to be unfurling the "Mission Accomplished" banner (as a previous US president once did). Share prices go up and down. Sales and profits are what really matter.
Yes, of course it's good if the general mood and confidence within Intel has improved.
