negative book value if you subtract goodwill from the bottom line. Good article in the Motley Fool on this a few days ago. Seems like RRD has been writing off about $500 mil of impaired assets/yr for the last 20 yrs
not sure it is negative book value. last i saw it was a little over a billion dollars in equity. but that pension write-off was included in that. cut the book value by half, definitely a concern! how can a company lose half of it's liquidation value in one quarter?