Quote:
Originally Posted by TripletDaddy
A holding company exists to own shares of outstanding stock. It does not shelter losses.
I think you are referring to "shells," which exist for structural purposes and do shelter losses.
However, all gains and losses for subs would roll up to the consolidated return, so not sure what you mean about shells bilking the investing public.
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so is it normal for holding companies to have almost no revenue and billions of dollars in expenses?