RE:RE:RE:RE:RE:RE:RE:RE:2nd Quarter speculation
nofluff wrote: So that would have been already done q1 then??
nf
What they are saying is that you and I are both wrong in different ways. I was saying the cost of the puts was charged in q1, which was. It what I failed to consider was that the market value of the puts are carried on the books as an asset while they still have value.
I think you are saying that the puts all get charged off at maturity (but I could be wrong, I do not want to misquote).
The puts will lose value as the maturity date draws close unless the stock price tanks. Which would be a bad thing. It's just a balance sheet issue right now. That's all. The cash impact of buying the puts all happened in Q1.