how many more writdowns

Hi

FXJ have quietly in 2011/2012 written of $2.7 BILLION dollars of assets. R Corbett ( chairman) didnt even Make the headlines with this one LOL... ( he who owns newspapres reports on only elevant news !!!)

Question how much more in write- downs? As they invest for the future,

Eg the old printing press will have to go. Tullmarine for one, I guess the property these factories are on will be sold. Sell them to India...

Say like (ELD) Elders they have assets such as timber plantations and shop fronts that are earning $0.00 and other old non earning liabilities.

Or could there be more such as redundancies also. Which can throw the company off dealing with the social problems of this transition from old to new technology.
We are not TLS so we cant make big deals via Canberra

Anyway is this FXJ at value now with a price of 38cents? Or more tremors from ..Hurricane Sandy LOL.

DYR