Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?

To: Keith Fauci who wrote (461)	12/28/1998 7:29:00 PM
From: David Lawrence	Read Replies (1) \| Respond to of 1169

I agree that it's a non-issue in the big picture. Just one small point: It's a current asset (cash) and a current liability (unredeemed purchase cards). On a current P&L basis, it's a net expense (credit card discount fees plus transactional costs). It doesn't affect the revenue side until it's utilized. And, for those thinking there will be a windfall on cards never redeemed - forget it. All funds for unredeemed cards will eventually have to be turned over to the state in which it was purchased under their respective Escheats laws.