Real Asset

Finance allah shmoop what are hidden assets Come and listen

to a story about a man named did poor mountaineer

Barely kept family Remember them Beverly hillbillies never watched nick

at nite Well ask your parents Yes So jet owned

forty acres and a mule and had been farming well

forever Then one day he was shooting at a raccoon

You think that's what that is When up from the

ground came a bubbling crude oil that is texas tea

black gold You know the song So yeah jed stumbled

on an oil or a goldmine and hundreds of millions

of dollars later that hidden asset like the oil was

hidden from his farm He just didn't know it was

there that he was shooting at a coon and gave

him a really nice swimming hole in nine o two

one oh seriously great hidden assets happen all the time

in corporate america as well A patent for flying robot

cars that the company didn't realize it had which suddenly

became relevant when you know tracking drones became like a

thing Broadcast rights attached to a tv station acquisition where

new technology lets cell phone spectrum clamp on and produce

Extremely clear phone calls while that asset was hidden No

not so much Well a change in tax law such

that the huge tax losses in the bankrupt company and

wired for scrap are now suddenly age enormous tax deduction

The acquirer won't pay taxes now for two years because

of it well asset don't remain hidden very long Usually

companies have to disclose where they find value if for

no other reason than that it usually goose is their

stock price and everyone likes being rich right Okay so

some people's idea of riches having eighty acres and two

mules But you know that's just jet good and listen

to a story about a man named shmoop over mountains 00:01:49.471 --> [endTime] and never never mind