Ann: Anticipated Impairment Charge , page-60

Hi Jonkey. What or who is ProjectX?

So, one theory we should consider is that the impairments were introduced for the specific purpose of offsetting capital gains created by a DBCT sale. I have not done my homework to know if such an impairment was needed for that effect. Perhaps they have sufficient carry forward losses to already offset such a gain.

If that theory is correct, it would suggest they anticipate a gain on the DBCT sale (which would be bullish).