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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by markvrdon Nov 02, 2011 3:23pm
373 Views
Post# 19202981

RE: RE: RE: Tomorrow

RE: RE: RE: TomorrowI think auditors in Canada face a similar threat of law suits if they err badly in their impairment analysis.   They might be slightly less afraid because the US has more lawyers per capita (1 per 265) than Canada (1 per 450).  However, they will have put some science into this and followed a careful process.  They will likely aim to err on the conservative (lower) side since they are not likely to get sued if they've assessed things too low and, in future, upwards corrections are needed.   However, they would pretty careful about not overstating goodwill since that would potentially lead them into law-suit territory.   What that implies is that the remaining $4 or so a share was also arrived at with a careful process.
Mark
Bullboard Posts
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