Monday, February 18, 2013

Facebook's PEU

Bloomberg reported:

Facebook gets multibillion-dollar tax deduction for the cost of executive stock options and share awards.Even though Facebook (FB) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, it will probably pay zero federal and state taxes—and even receive a federal tax refund of about $429 million.

Billionaires get huge stock awards and the company gets a federal tax refund?  That's PEU worthy. 

Next up, dividend recap?