claiming the loss, page-8

I draw some comfort from SWM's (Seven West Media) write off in yesterday's Annual Report of $2.1 billion of Goodwill/Impairment resulting in the book value falling from $2.80 per share to 79 cents and a share price fall from $2 to around 80 cents in the last 12 months. Someone's net worth has taken a very big hit here and as far as I am concerned, it is well earned! That on top of the Longtom problems discussed earlier may yet prove that the greedy one has acquired a poisoned chalice. Bad luck or bad Karma?

ANZ