Harry Winston Diamond Corporation HWD

Not even a peep...

[dano2020]

from the peanut gallery today.  The results look pretty good but the retail SG&A is still over the top.  It is too bad that the early expansion hasn't helped in a reduction of this expense.  Maybe some of the artisans and other retail employees should be on commission.  This is obviously a component of the goodwill impairment, no?  Fourth quarter results are as expected.  This year will be worse but this friggin company is still a bargain.

[woundedknee]

I respectfully disagree. The results were not what was expected. $1.19 LOSS verse expected earnings of .19cents.I don't know what planet your on. Having said that I will take my licks.  Cheers(This info was taken from bnn) span.jajahWrapper { font-size:1em; color:#B11196; text-decoration:underline; } a.jajahLink { color:#000000; text-decoration:none; } span.jajahInLink:hover

[Aberlour]

The loss was due to the write down of goodwill on Harry Winston's retail operation.  This is reasonable and why I was looking at net tangible book value.  Goodwill is not included in that figure.  Their operations showed a profit of $0.34.  That's better than the expected $0.19 that the street estimated.Goodwill is a number carried on the books which means that

[Spicoli420]

For the fourth quarter, the company reported net loss of $73 million, or $1.19 a share, including an impairment charge of $93.8 million.The impairment charge is a non-cash charge (write-down of goodwill related to the retail operation) so the results seem to be in line with expectations.They are cleaning up the balance sheet quite nicely.

[draxter]

I tend to agree with you, the results are just fine, and the after market trading of HWD in NY agrees too. The stock went up 10 cents (US) in after hours trading.

[h2theizzo]

I also don't think that the results are as bad as they might seem at first glance.  Goodwill is, frankly kind of a BS asset anyway, so its not worth losing sleep over.  Kind of reminds of another diamond company's recent results.  When Shore Gold release their latest financial statement, those who don't read the details (a good chuck of stockhouse readers, judging by

[greatemailslob]

its a real barker