I don't mind journalist, analysts, or whoever being negative on MFS. Totally understandable after the stuffed up attempt at the demerger.
What I do mind is continued journalist inaccuracies. Melissa clearly has no idea how to read financials. She writes:
"But there was about $200 million debt from the financial services company that was unexpected. Since the announcement, there has been no explanation from MFS about how the debt has expanded so quickly."
In fact, the financials state there were $281 million in current liabilities. Now I have no idea as to if there were changes in lenders, terms, or anything from balance date to now, however for the journalist to say there was $200 million of "unexpected" debt is wrong. The number was in the financials.
MJS
MFS
mfs limited
