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Perrigo Company Public Limited Company Message Board

bill-hammond 2 posts  |  Last Activity: Aug 4, 2014 12:30 PM Member since: Sep 25, 2008
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  • bill-hammond@sbcglobal.net by bill-hammond Aug 4, 2014 12:30 PM Flag

    I listened to the conference call and mgmt blamed the loss of NAV to 2 underperforming loans. The worst of which is a metals co loan. They claimed that they were being conservative in treating the value of the loans and that the NAV could rebound just as much next quarter if the loans preform better than worst case expectations?
    Mgmt certainly knew this was happening and I think they should have warned. The selloff might not have been so bad and I certainly wouldn't have been so hurt.

    Sentiment: Hold

  • Reply to

    How could they?

    by bigbear.2010 Jul 31, 2014 4:23 PM
    bill-hammond@sbcglobal.net bill-hammond Jul 31, 2014 5:57 PM Flag

    I saw that and was shocked too!
    Can't find anything more to explain from management. Did anybody hear anything in the conference call? It wasn't possible for me to tune in.

PRGO
150.26+0.10(+0.07%)Oct 22 4:02 PMEDT

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