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Bill Gates Foundation buys Comcast stock (and Cemex)
The Wall Street Journal (blog) ^ | 15 August 2011 | Shira Ovide

Posted on 08/19/2011 9:33:04 PM PDT by MeneMeneTekelUpharsin

Among other newly disclosed positions, the Gates foundation also showed shares of Cemex, the Mexican cement and building-materials company, ....

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: billgates; cemex; stocks; wallstreet
Hmmmmm... he got it cheap. Very solid company that so many people do not know about. Probably will now drop another 20% since he bought some.
1 posted on 08/19/2011 9:33:08 PM PDT by MeneMeneTekelUpharsin
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To: MeneMeneTekelUpharsin

The Edgar link shows the foundation to own 5,813,953 shares of Cemex....hmmmmmm.....


2 posted on 08/19/2011 9:38:57 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: MeneMeneTekelUpharsin

I thought Hugo Chavez seized Cemex assets in Venezuela and nationalized them?

Why would Gates buy that?


3 posted on 08/19/2011 9:47:28 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife

Beats me...he has a bigger research staff than I do and he and others like him tend to make money on their investments (somehow). If you try to follow logic in the stock market, you lose anyway. You should know that.


4 posted on 08/19/2011 9:59:24 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: MeneMeneTekelUpharsin

Jobs foundation? WTf?


5 posted on 08/19/2011 9:59:42 PM PDT by allmost
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To: MeneMeneTekelUpharsin

I guess he knows something we don’t.

The Venezuelan portion of Cemex may be inconsequential to the deal


6 posted on 08/19/2011 10:02:06 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife

Isn’t the EPA trying to shut down the cement plants in the US?


7 posted on 08/19/2011 10:16:52 PM PDT by crosstimbers
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To: MeneMeneTekelUpharsin

They can all call their foundations benefactors for humanity and some may help; however; foundations are the current “hide my wealth from taxes” shelters. That is mostly why these foundations exist.

What is sad is after all these years most of these countries these big humanitarians profess to help are still living in misery.


8 posted on 08/19/2011 10:34:57 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: mylife
Cemex is a Mexican company which has a large retail clientele in Mexico. As Mexico gets more prosperous (which it has lately) Cemex will be a major beneficiary of the domestic market.
9 posted on 08/20/2011 1:00:52 AM PDT by hinckley buzzard
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To: freekitty

He has quite a few of these foundations. They are not all bad. It is his money.


10 posted on 08/20/2011 2:41:49 AM PDT by allmost
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To: allmost

I didn’t say they were all bad. I am saying the main reason for a foundations existence is to be a tax haven. I am not quite convinced he or others are using their own money.

I have also heard Gates is zero population. I believe I will pass on someone like him trying to tell me how to live.


11 posted on 08/20/2011 10:46:34 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: freekitty

Right. Not all bad. They allow him to avoid billions of dollars in federal income and estate taxes, at the same time he and his buddy from Omaha push for higher taxes for the rich (those who make a few hundred thousand dollars a year), and campaign for their commie friends.


12 posted on 08/21/2011 12:11:44 AM PDT by tdscpa
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To: tdscpa
Gates comes from a ‘comfortable’ family. He was around, working, when obama was visiting Pakistan as a ‘student’. If we elected bozo the clown to be President, some may consider it an improvement, many high profile business leaders would meet with and necessarily deal with him. I use ‘him’ for simple expediency. Calling Gates a commie is quite a stretch. He is the largest philanthropist in the history of humanity. No, I don't agree with with some of it, but I don't choose what he does with his wealth. He's definitely not a soros type, at least from what I've seen/read/heard.
13 posted on 08/22/2011 4:21:59 PM PDT by allmost
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To: allmost

I also do not care what he does with his own money. But, I really hate the way he complains that people who make less than 1% of what he makes don’t pay enough taxes, while he avoids many millions of taxes every year, because he has promised to eventually give billions to a foundation that benefits mostly Africans.

He earned his money in the US. If he wants to avoid US taxes by making donations, he should at least make his “donations” to benefit Americans.

What he is doing is worse than the multinational corporations headquartered in the US who pay no US taxes because they “earned” their income in another country and paid lower rate income taxes there.


14 posted on 08/23/2011 9:36:24 PM PDT by tdscpa
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To: tdscpa

You don’t like Gates, I understand. I don’t feel that way. He made his money, nobody was forced to comply with standards his organization set up, and now he is spending it. The tax diatribes from any High wealth individual are offensive. You don’t get that kind of wealth without ‘working the system’ as far as taxes go. Some of these guys(and girls) wouldn’t mind a %90 tax rate because their lives and choices have revolved around ways to not pay in general. Get mad or take an income tax course. I chose the latter. It really makes you made at the tax code.


15 posted on 08/26/2011 3:04:55 PM PDT by allmost
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To: allmost

I don’t feel the need to take an income tax course. I am retired now, after a 30 year career as a CPA who was engaged mainly in the income tax “business”.

I also am not “mad”. I just generally dislike the extremely wealthy who want the middle class to support the lower class, while they use all the tax dodges they can find, so they can minimize what they have to pay.


16 posted on 08/26/2011 4:13:40 PM PDT by tdscpa
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To: tdscpa
People work within the system. As a CPA you should know. I dislike the tax bs immensely, but they are not doing anything wrong. The laws are wrong.
17 posted on 08/26/2011 4:40:21 PM PDT by allmost
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To: allmost
they are not doing anything wrong. The laws are wrong.

They are probably not doing anything illegal. Whether the laws are wrong is just a matter of opinion.

In my opinion they are doing "wrong" by saying tax rates are too low. If they feel "guilty" for not paying enough money to the IRS, they can pay more! The IRS has a system set up to process extra voluntary payments.

18 posted on 08/26/2011 8:38:13 PM PDT by tdscpa
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To: tdscpa

Your point is well founded. They can do. I found myself more angry at the structure of the havens. You don’t seem to share my understanding that someone created this hole/mess.


19 posted on 08/26/2011 8:44:24 PM PDT by allmost
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To: allmost

I also do not approve of the “charitable foundation loopholes”. The donors can get major tax benefits while still controlling the funds for years.

Also, like I mentioned earlier, many of these foundations are set up to benefit people outside the US. I do not agree that a deduction against US taxes should be available for that.

I understand that someone created this mess. It was people exactly like the lawyers who set up Bill Gates’ foundation, and the ones that advised Warren Buffet to avoid US income and estate taxes by contributing to it.


20 posted on 08/26/2011 9:04:46 PM PDT by tdscpa
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To: tdscpa

I agreed with you until your last paragraph. These laws were written, by the only people who can write them. I see you leave Jobs out of your diatribes, that is sufficient info for me.


21 posted on 08/26/2011 9:10:35 PM PDT by allmost
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To: allmost
Huh? I leave Jobs out of my diatribes? WTF are you raving about? Are you referring to the sick Apple guy!

I have never had an Apple computer in my life, and I bought my first computer in 1980. I've been using Microsoft products since the early 1980’s. I don't hate Bill Gates for his operation of Microsoft. It is only his politics that bother me. But I am not going to burn my PC because I don't like him.

Would you like me to worship or flame Jobs? I don't know what he has to do with this discussion that started with an article about Bill Gates. Leaving Jobs out of my “diatribes” is sufficient info for you? Obviously you have no idea of what “info” is relevant, or how to process any “info” you stumble over.

Piss off!

22 posted on 08/26/2011 9:30:56 PM PDT by tdscpa
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