that's an asset write down, not cash loss.
as he says in the interview, they are cash flow positive, but I agree that dividends are unlikely simply because they are in a good position to make acquisitions. However conditions are such that the CEO has never seen before.
There is vulnerability due to the appreciating baht against the depreciating USD. So if you are paid in USD, but your costs are increasing, it leads to signficant cost pressures and that's why they are focussed on reducing costs in Thailand.
It's whats called a fluid situation with so many variables, as nobody knows where the POG is going. IMO
still adding up myself and trying to decide whether to take a position.
Ann: Challenger Strategic Review , page-27
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