RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:more insider buying ...MrMugsy wrote: MrMugsy wrote: Spirou25 wrote: They were hedged. They didnt save anything.
Very possible - and the $100M loss, where does that number come from ????
At least with my number, I see foreign exchange reversal entries.
Not sure where he's getting his numbers.
Doesn't really matter but to your point ... would expect a good hedging program from these guys.
Bought at 369M$ at 0.33$ per BRL.
Now 369M$ at 0.24$ per BRL = 268M$
Total loss = 101M$
Easy like that.