Blaess and Adele ferguson believe the companies have not gone far enough with asset writedowns,given the uncertainty in global markets,i am not surprised that claim has surfaced.
What i find difficult to work out is the 'calculations' Blaess arrives at to make his claim.From what i can gather from the article,they use the share price (the market) which implies what asset correction SHOULD be,as share price is dependent on many variables,on its own , that would be just plain stupid , and there must be many other factors in Blaess's 'calculations', but until you know how this calculation was made, they can say anything they like,as you say, what calculations?
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