Abnormal results becoming all too normal
ANALYSIS: The recent result season presented a large number of ‘one-off losses’. What is happening and what does it mean?
There were a particularly high number of write-downs in this last reporting season.
I recently wrote an article for Margin Call on the deeply engrossing topic of ‘non-cash’ one-off write-downs or losses. At the heart of that article was that, while companies prefer investors to essentially ignore such write-downs because they deem them ‘non-cash’, the reality is that the
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