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SUPERVALU Inc. Message Board

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  • arrs20 arrs20 Apr 10, 2012 11:09 AM Flag

    Book value is now zero.

    CC sounded great.
    Zero hmmmmmmmmmm sure.
    lol

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    • oboereed@verizon.net oboereed Apr 10, 2012 11:36 AM Flag

      In FY'12 Goodwill was written down from 1.984 billion to 847 million and Intangible Assets went from 1.17 billion to 809 million. Seriously doubt they'll have any additional Goodwill writedowns in FY'13. Seems like they tried to get as much of the writedowns out of the way as possible in FY'12. Look at how quickly they handled the 800 layoffs at the Corporate level that they announced and booked in Q4. Shorts were wrong on debt covenants being breached. They were also wrong on cash earnings dropping below one dollar per year. FY'13 will be the year the smart ones book the profit and cover. Once the increasing EPS is confirmed, we'll get the long awaited multiple expansion. We go up from here. Happy Shopping to you all....

 
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