Not exact matches
On Christmas Eve, a group of senior Goldman executives held a conference call to discuss the
writedown and how it would affect employee bonuses, people familiar
with the matter said.
Several of Canada's lenders
with U.S. exposure have indicated they expect to record a
writedown in the first quarter to reduce the value of deferred tax assets, but are expecting a long - term, sustainable boost to their earnings from the tax cut.
It's unlikely in any event that these problems have actually been solved, because we can't reconcile the quantity of delinquent loans
with the tamer figures for foreclosures and
writedowns.
SAO PAULO Brazilian planemaker Embraer SA, engaged in joint - venture talks
with Boeing Co, missed analysts» quarterly profit estimates and its own annual targets on Thursday, due to weaker deliveries and
writedowns on defense programs and executive jets.
After chopping spending by almost one - third to cope
with a crash in oil prices and billions in
writedowns that sent profits to the weakest since last decade, China's energy giants Continue Reading
On July 20, 2012, Microsoft posted its first quarterly loss ever, despite earning record revenues for the quarter and fiscal year,
with a net loss of $ 492 million due to a
writedown related to the advertising company aQuantive, which had been acquired for $ 6.2 billion back in 2007.
With these straightforward, if still painful, solutions closed off it may take a muddle of austerity, higher taxes, debt
writedowns and perhaps guarantees from Washington to help fix the mess.
Writedowns Southwestern Energy Co. set the tone on Oct. 22
with a $ 2.8 billion charge, twice as much as forecast by Barclays Plc..
Foster's, which was taken over by SABMiller in 2012, spent up big on wine assets in the United States in 2001
with the acquisition of Beringer but made big
writedowns over the next decade.
Mr Clarke said the announcements about the shift in Penfolds releases and the
writedowns had no implications for any takeover activity and Treasury was getting on
with the job of implementing `' the roadmap» of how any owner should be running the business.
The shares rose as high as $ 6.47 in mid-May 2013, before its troubles began
with an oversupply of commercial wine in the United States, triggering heavy
writedowns and a profit downgrade which claimed the scalp of former chief executive David Dearie.
When faced
with constant restructuring /
writedowns, adjusted earnings are meaningless.
The problem now are
writedowns — and when you're dealing
with a black box like a bank, who can tell the true / eventual scale of
writedowns..?!
The great thing is, at this final impairment point, everybody's still so depressed / scarred, you can probably still pick up the stock at a Price / Book of 1.0 or less, so you're buying at a fair / low price,
with no threat of
writedowns and a runway of growth ahead.
The problem
with mortgage
writedowns is that most taxpayers would consider this vastly unfair — if their neighbor gets a loan written down to the home's worth and they don't it would fuel plenty of resentment and probably lead to a lot more strategic defaults — why would anyone feel bad about blowing off a mortgage when doing the right thing just makes you a chump?
David Gray, an analyst
with Planet Retail here, said the plan to exit the U.S. «was welcome news for investors, even if the
writedown of U.S. assets will prove unhelpful in the short term.