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by lotsofpulp
956 days ago
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Still not the right number. Net income is profit. https://www.macrotrends.net/stocks/charts/BAYRY/bayer/net-in... Their revenue minus expenses is usually low single digit billions, and they had a $12B loss in 2020. They are earning less than $5B per year for many, many years, and already have a $12B loss to deal with from a couple years ago, there is no way to conclude that a multi billion dollar penalty is a “cost of doing business”. This is also evident in their market cap graph, showing Bayer’s owners have lost a ton of money over the past 10+ years, especially considering the rocketship a risk less broad market index fund was during the same period. https://companiesmarketcap.com/bayer/marketcap/ |
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Unless you're a small business in Mafia times, in which case that's exactly what it was.