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Jarden Corp. Message Board

  • kyzrsoulsay1 kyzrsoulsay1 Jan 21, 2009 2:20 PM Flag

    HUGE STINKING WRITEOFF COMING

    tey will probably wait until Feb Earnings but look for a similar item from JAH, given their biggest asset is goodwill and intangible assets like "Coleman", or "Sunbeam" which is worth a lot...but less now than they what they paid for it.


    United Rentals, Inc. (NYSE: URI) today announced that it anticipates recording a non-cash goodwill impairment charge in the fourth quarter of 2008. The company currently expects the total charge, which was identified in connection with the company's annual fourth quarter impairment test and reflects year-end market conditions, to be approximately $1.1 billion. Substantially all of the impairment charge relates to goodwill arising out of acquisitions made by the company between 1997 and 2000. The impairment charge will not result in any cash expenditures and will not affect the company's cash position, cash flow from operating activities, free cash flow, liquidity position or availability under its credit facilities.

 
JAH
47.83-0.08(-0.17%)Dec 26 4:02 PMEST

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