either you dont understand the accounting standards that require...

either you dont understand the accounting standards that require the hedging to be written down that way or you are being a little disengenuous.

Still I'm not going to dispute some of what you say...

there is absolutely no mention of the fact that ARW was a significant component of the $1.40 SP high in 2006 that is now totally written off. A component that a lot of AMU shareholders have been seriously burnt on... unless of course you draw a very lucrative wage from AMU to balance it out.

All said and done tho the hedging write down is cosmetic only - not cash and will be written back.
Overall, Finally, this thing is heading in the right direction even if some who should have been more accountable haven't been ... at this stage.

DYOR