Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0.00142180094786702 0.00142180094786702 -2.24500074489763E-16
Stock impact report

Companies collecting pennies on the dollar in market to recoup some tariff costs [Yahoo! Finance Canada]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
NEW YORK, Dec 23 (Reuters) - Some U.S. companies are hedging their bets on the Supreme Court case against President Donald Trump's sweeping emergency tariffs by selling their rights to collect potential government refunds of the taxes to outside investors. Atlanta-based Kids2, which makes 95% of its toys and infant products in China, is one. Mark Mintman, the company's CFO, calls it a "cost recovery action." ?He first heard about selling potential refunds during a September meeting with bankers in New York, where one mentioned that a secretive market has emerged for selling the claims. Under the deals, companies receive a fraction of the ?refund as an upfront payment. They keep that money if the tariffs are overturned and the government is directed to refund the taxes, but they give up the balance to the investors. They also keep the money if the tariffs are upheld, while investors get nothing. This is just the ?latest twist on Wall Street's keen ability to capitalize on cash Show less Read more
Impact Snapshot
Event Time:
JEF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for JEF alerts
Opt-in for
JEF alerts

from News Quantified
Opt-in for
JEF alerts

from News Quantified