KK decides to load the qtr with huge writedowns to get anything that is questionable out of the way and start his tenue without anything overhanging in future qtrs. I am sure there is lots of goodwill that could be written down. More agressive writedowns on loans.
Going to be interesting to see. If we get big writedowns be ready to buy around $15.50-16.00 (maybe lower).
Not predicting big writedowns, but would not be the first time a new CEO has cleared the decks to start a tenure.