The top 100 stock
market authors
selected for publication
market authors
selected for publication
»
Comments
» ATU
You are currently following Moon Kil Woong
Stop FollowingYou are no longer following Moon Kil Woong
-
2594
)
Goodwill Hunting: Beware Potential Asset Impairment Charges [View article]
I think many companies should realize real estate asset impairment, but non-core property companies just aren't doing it. It is funny that they are so quick to realize property gains when they need to beat earnings and the real estate market is up but never to the opposite. Accounting allows a lot of wiggle room in reporting real earnings.
Buyer beware. Passive property acquisition and investment was a big part of many non-property businesses. And I'm not just talking E-Trade.