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VeriFone Systems, Inc. Message Board

  • mechicksexer mechicksexer Jun 10, 2013 2:25 PM Flag

    Terminals

     

    Kroger just installed new terminals and they are pretty slick. The problem here is the overpayment for acquisitions thus to much goodwill on the balance sheet which may cause a big write-off, sometime. If goes much lower I am going to give it try tho.

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    • *May* cause a write-off? That write off is coming as soon as a new CEO is selected and is almost as sure as the sun rising tomorrow.

      The old CEO kept acquiring companies so the books were always in a constant state of flux and nobody could make sense of anything. Any bad news could always be attributed to digesting the latest acquisition. Then he devoured the harvest and ate the seed corn as well to goose the quarter and unload more stock options.

 
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