Fri, Aug 1, 2014, 6:27 AM EDT - U.S. Markets open in 3 hrs 3 mins


% | $
Click the to save as a favorite.

Elan Corporation, plc Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • dar200 dar200 Dec 28, 2004 8:40 AM Flag

    Write-off 14M$ (I hope not)?

    Whether eln has a write off or a profit on this transaction depends upon:
    1. The fair present value of the consideration to be received, MINUS
    2. The book value of the note receivable on eln's books.

    That note may have been written down as an "impaired" asset, and/or a portion of the note may have been reserved in an allowance for uncollectables.

    In either event, since eln was required to record valuation allowances or impairement charges to the 1999 zero coupon note, I doubt that any gain or loss on today's transaction will be more than 3 million, an amount not material to eln's financial statements.


Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Tesla Motors, Inc.
NasdaqGSThu, Jul 31, 2014 4:00 PM EDT
GoPro, Inc.
NasdaqGSThu, Jul 31, 2014 4:00 PM EDT