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22-07-2014, 11:48 AM
(This post was last modified: 22-07-2014, 11:48 AM by Curiousparty.)
yes, that was how the tax authority found out that some famous curry puff maker was severely underreporting his income. They did "field audits", and caught the guy. think the chap was fined a few mil dollars for tax evasion.
The problem with New Toyo is that u cannot even have a rough sense what the printing volume was from quarter to quarter, and how much was the drop due to the regulations such as plain packaging, excise tax increase, etc.
The problem with New Toyo is that u cannot even have a rough sense what the printing volume was from quarter to quarter, and how much was the drop due to the regulations such as plain packaging, excise tax increase, etc.
(22-07-2014, 11:14 AM)theasiareport Wrote: Well, I think the problem with this line of reasoning is that you can say it about any company.
Does anyone really know how many curry puffs Old Chang Kee sells a day? Or the exact rental costs per each store?
Investing is about making an informed choice with readily available information. My own opinion is that there's a diminishing effect to knowing every aspect of a company. Analysis paralysis is the enemy of the investor.
All you have is the track record of the company over 10 years to make an assessment.
Cheers,
theasiareport.com
(22-07-2014, 08:25 AM)Curiousparty Wrote: The one thing I truly learnt about New Toyo is that honestly there is no way for u to track its performance using information readily available from the market. Do u know how much does one printer print each day? The revenue or cost from one printer? Do u know how to derive the COGs for Tien Wah and New Toyo?
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