Downside? What downside!, page-2

Ok but MRM is not that involved in E & D . Earnings Before Interest Tax Deprecation and Amitorisation EBITDA of between $75 and $ 85 ml does not necessaryly mean a financial loss. Deloit can manufacture excess depreation and engineer a loss for tax purposes .No doubt savings will be imperative but its way too early to worry about what the final wash up will be . However 014 F.R. did have $ 120 ml in write backs, when the average was $40 ml. Hard to see massive write backs here. Anything can happen, but the big elephant in the room is They are currently carrying more CASH than the actual Market Cap and have $779 in tangible assets. Not even the banks have that kind of assets..... Take this as you will, But in 2008 at the bottom of the GFC, when every pedlar of doom and gloom was predicting a recession or worse a depression, and a run on Banks. Many Banks were in similar situations ; eg; CBA $25 what a bargain !!!!! six yrs later $97.. some small caps rose by x 15 times. Dont give up yet , things will rebalance .