http://www.footnoted.com/perk-city/what-happens-in-vegas/ Morningstar's guide to what's hiding in SEC filings Fri, 10 Feb 2012 20:24:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.footnoted.com/perk-city/what-happens-in-vegas/comment-page-1/#comment-5864 Jake Thu, 24 Jul 2008 00:10:43 +0000 http://www.footnoted.com/?p=1991#comment-5864 I wonder why execs are always so anxious to pump up goodwill? It's a useless artifact of past accounting with no future ramifications. Institutions don't care about it. And if you have to write it down because of a 142/152? valuation, the less you have, the better. Why they try and assign value to things like "geographic location" is beyond me and sets themselves up for when the eventual write-down occurs. Why waste time trying to assign intangible asset value when you can write most of it off in the beginning and not have to worry about future EPS hits? I wonder why execs are always so anxious to pump up goodwill? It’s a useless artifact of past accounting with no future ramifications. Institutions don’t care about it. And if you have to write it down because of a 142/152? valuation, the less you have, the better. Why they try and assign value to things like “geographic location” is beyond me and sets themselves up for when the eventual write-down occurs. Why waste time trying to assign intangible asset value when you can write most of it off in the beginning and not have to worry about future EPS hits?

]]> http://www.footnoted.com/perk-city/what-happens-in-vegas/comment-page-1/#comment-5863 LCB Wed, 23 Jul 2008 20:08:18 +0000 http://www.footnoted.com/?p=1991#comment-5863 You're points are great and we're well aware of it. Tutor himself has a shady past to some degree. But despite over paying for Tutor-Saliba, the deal still works out in the long run as value added for Perini, because of all the synergies. Also, Tutor is locking up the majority of his wealth in the company for 5 years, which is also in the footnotes and something to be considered by the potential investor. Yes, I would rather not see these perks or the over priced Tutor-Saliba deal, but I'll take it because the pieces match together well and both Companies have good histories and have worked together for a long time. This is not a deal breaker. Thank you though for bringing this forth. You’re points are great and we’re well aware of it. Tutor himself has a shady past to some degree. But despite over paying for Tutor-Saliba, the deal still works out in the long run as value added for Perini, because of all the synergies. Also, Tutor is locking up the majority of his wealth in the company for 5 years, which is also in the footnotes and something to be considered by the potential investor. Yes, I would rather not see these perks or the over priced Tutor-Saliba deal, but I’ll take it because the pieces match together well and both Companies have good histories and have worked together for a long time. This is not a deal breaker. Thank you though for bringing this forth.

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