Way OT, Public/Private Cos. I'm Cross Posting Again!

In alt.cellular.verizon Scott Stephenson <[email protected]> wrote:

> Kroger- country's largest grocer. Operates under the names Kroger, King
> Soopers, City Market and about 30 others. Are you saying that because
> they are not all named Kroger, and do not have their own stock symbols
> they are private?

Kroger owns all of them, correct?

> AOL-Time Warner- can you buy stock for just AOL and not Time Warner Cable?

Um, *bzzt* on that question, that wasn't a joint venture. either.
AOL-Time Warner is one company.

Sony doesn't count, either. Different divisions of _one_ company.

I could certainly see your point if Vodafone and Verizon _merged_ and
VZW was simply a division of the merged company.

Actually, I want to go find either a lawyer or a stockbroker now, because
I'd like an informed answer from someone who deals with this stuff for a
living (I'm assuming you don't). I'm 98% sure that I'm right and you're
wrong, but I am curious as to whether I'm actually correct.

--
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22674 Motnocab Road * Apple Valley, CA 92307-1950
Steve Sobol, Proprietor
888.480.4NET (4638) * 248.724.4NET * [email protected]

---

› See More: Way OT, Public/Private Cos. I'm Cross Posting Again!

Steven J Sobol wrote:
> In alt.cellular.verizon Scott Stephenson <[email protected]> wrote:
>
>
>>Kroger- country's largest grocer. Operates under the names Kroger, King
>>Soopers, City Market and about 30 others. Are you saying that because
>>they are not all named Kroger, and do not have their own stock symbols
>>they are private?
>
>
> Kroger owns all of them, correct?
>
>
>>AOL-Time Warner- can you buy stock for just AOL and not Time Warner Cable?
>
>
> Um, *bzzt* on that question, that wasn't a joint venture. either.
> AOL-Time Warner is one company.
>
> Sony doesn't count, either. Different divisions of _one_ company.
>
> I could certainly see your point if Vodafone and Verizon _merged_ and
> VZW was simply a division of the merged company.
>
> Actually, I want to go find either a lawyer or a stockbroker now, because
> I'd like an informed answer from someone who deals with this stuff for a
> living (I'm assuming you don't). I'm 98% sure that I'm right and you're
> wrong, but I am curious as to whether I'm actually correct.
>


A private company's earnings would never be included in a public
company's financials.

Steven J Sobol wrote:
> In alt.cellular.verizon Scott Stephenson <[email protected]> wrote:
>
>
>>Kroger- country's largest grocer. Operates under the names Kroger, King
>>Soopers, City Market and about 30 others. Are you saying that because
>>they are not all named Kroger, and do not have their own stock symbols
>>they are private?
>
>
> Kroger owns all of them, correct?
>
>
>>AOL-Time Warner- can you buy stock for just AOL and not Time Warner Cable?
>
>
> Um, *bzzt* on that question, that wasn't a joint venture. either.
> AOL-Time Warner is one company.
>
> Sony doesn't count, either. Different divisions of _one_ company.
>
> I could certainly see your point if Vodafone and Verizon _merged_ and
> VZW was simply a division of the merged company.
>
> Actually, I want to go find either a lawyer or a stockbroker now, because
> I'd like an informed answer from someone who deals with this stuff for a
> living (I'm assuming you don't). I'm 98% sure that I'm right and you're
> wrong, but I am curious as to whether I'm actually correct.
>


A private company's earnings would never be included in a public
company's financials.

Steven J Sobol wrote:

>
> Actually, I want to go find either a lawyer or a stockbroker now, because
> I'd like an informed answer from someone who deals with this stuff for a
> living (I'm assuming you don't). I'm 98% sure that I'm right and you're
> wrong, but I am curious as to whether I'm actually correct.
>


I'll be very anxiously awaiting the results of your research.

BTW- be real careful about your assumptions. You'd be real surprised
with the truth.

Steven J Sobol wrote:

>
> Actually, I want to go find either a lawyer or a stockbroker now, because
> I'd like an informed answer from someone who deals with this stuff for a
> living (I'm assuming you don't). I'm 98% sure that I'm right and you're
> wrong, but I am curious as to whether I'm actually correct.
>


I'll be very anxiously awaiting the results of your research.

BTW- be real careful about your assumptions. You'd be real surprised
with the truth.

"Scott Stephenson" <[email protected]> wrote in message
news:[email protected]...
> Steven J Sobol wrote:
> > In alt.cellular.verizon Scott Stephenson <[email protected]>
wrote:
> >
> >
> >>Kroger- country's largest grocer. Operates under the names Kroger, King
> >>Soopers, City Market and about 30 others. Are you saying that because
> >>they are not all named Kroger, and do not have their own stock symbols
> >>they are private?
> >
> >
> > Kroger owns all of them, correct?
> >
> >
> >>AOL-Time Warner- can you buy stock for just AOL and not Time Warner
Cable?
> >
> >
> > Um, *bzzt* on that question, that wasn't a joint venture. either.
> > AOL-Time Warner is one company.
> >
> > Sony doesn't count, either. Different divisions of _one_ company.
> >
> > I could certainly see your point if Vodafone and Verizon _merged_ and
> > VZW was simply a division of the merged company.
> >
> > Actually, I want to go find either a lawyer or a stockbroker now,
because
> > I'd like an informed answer from someone who deals with this stuff for a
> > living (I'm assuming you don't). I'm 98% sure that I'm right and you're
> > wrong, but I am curious as to whether I'm actually correct.
> >
>
>
> A private company's earnings would never be included in a public
> company's financials.


FALSE. Under GAAP, investments in other companies are accounted for on
their balance sheets. It's like this in its most basic form:

Credit: Income from Investment in XXX
Debit: Investment in XXX

I am an accountant. You, obviously, are clueless.

"Scott Stephenson" <[email protected]> wrote in message
news:[email protected]...
> Steven J Sobol wrote:
> > In alt.cellular.verizon Scott Stephenson <[email protected]>
wrote:
> >
> >
> >>Kroger- country's largest grocer. Operates under the names Kroger, King
> >>Soopers, City Market and about 30 others. Are you saying that because
> >>they are not all named Kroger, and do not have their own stock symbols
> >>they are private?
> >
> >
> > Kroger owns all of them, correct?
> >
> >
> >>AOL-Time Warner- can you buy stock for just AOL and not Time Warner
Cable?
> >
> >
> > Um, *bzzt* on that question, that wasn't a joint venture. either.
> > AOL-Time Warner is one company.
> >
> > Sony doesn't count, either. Different divisions of _one_ company.
> >
> > I could certainly see your point if Vodafone and Verizon _merged_ and
> > VZW was simply a division of the merged company.
> >
> > Actually, I want to go find either a lawyer or a stockbroker now,
because
> > I'd like an informed answer from someone who deals with this stuff for a
> > living (I'm assuming you don't). I'm 98% sure that I'm right and you're
> > wrong, but I am curious as to whether I'm actually correct.
> >
>
>
> A private company's earnings would never be included in a public
> company's financials.


FALSE. Under GAAP, investments in other companies are accounted for on
their balance sheets. It's like this in its most basic form:

Credit: Income from Investment in XXX
Debit: Investment in XXX

I am an accountant. You, obviously, are clueless.