Whilst the latest $1bn write off is largely non-cash, it does highlight be definition that Management now believe that the future prospects of the Print Assets are far worse than was the case 6/12/24mths ago....ie the NPV based off Management Projections has dramatically fallen.
This point is often overlooked by the market to its detriment given Print Asset earnings are still a large part of the market's assumed SOTP value equation.
Anyone think the Print Assets are actually a silent LIABILITY for FXJ?
Whilst the latest $1bn write off is largely non-cash, it does...
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