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Lannett Company, Inc. Message Board

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  • codehead321 codehead321 Dec 27, 2004 12:43 PM Flag

    Another Expense to Decrease Earnings

    They valued the shares at 64,000,000 and they are amortizing this amount as an expense over ten years. Thus, book income will see a hit of 6,400,000 a year (but remember it is a non-cash expense). Although a non-cash expense, it does dilute the shareholders existing prior to the deal. But a non-cash expense is better than a cash expense since it does not strain cash flow.

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