RE:RE:NasdaqTraders could not wait to short ACB is right .
Look at Total Assets $5,549,780,000
Less Goodwill $3,176,746,000
Less Intangible Assets, $ 700,132,000
Less Investments in Associates and Joint Ventures $129,852,000
Adjusted Total Assets $1,543,050,000
Total Liabilities $1,156,479,000
Adjusted Equity from $4.3 Billion reported to $386 Million when you adjust for Goodwill, Intangible Assets and investments in associates and other Joint Ventures.
From my DD OGI did $32 million Gross Revenue in quarter and ACB did $76 million in Gross Revenue. ACB did $44 million more than OGI in quarterly revenue but paid $3.1 Billion in Goodwill just to do $44 million more in gross revenue. Time will tell if ACB played their cards right or if OGI can catch up to them in Gross Revenues without spending near $4 billion in Intangible Assets. All IMO!
You know what team i'm on! The Beast from the East, Baby!
Always DYODD, GLTA, Happy Long weekend!