That last announcement is a doozie. Write downs in the intangibles will make a big dent in the reported profit. No doubt we will see more downward movement in this shares price given it is safe to assume the write downs will be larger than $50million and thus larger than 10% as stated previously. Even if the decrease is a superficial write down in profits. I look forward to some bargain prices over the next 6 months.
down we go
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