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Thanks Polyanna, oops I meant Scott.
Do you know what it means when a company has to write down goodwill? They overpaid! Now they are just acknowledging it on the books.
Genworth on Review
- Thread starter Arthur Rudnick
- Start date
Thanks Polyanna, oops I meant Scott.
Do you know what it means when a company has to write down goodwill? They overpaid! Now they are just acknowledging it on the books.
that's not what it means, geeesh.
they've been writing the goodwill down every year since GE spun Genworth off.
is it too hard for you to read a 8-K?
gimmeabreak.
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The very definition of a goodwill write-off is the "amount paid over book value".
But it does not affect that years revenue and is a reflection of past financial transactions, not current.
But it does not affect that years revenue and is a reflection of past financial transactions, not current.
- 15,041
I know what goodwill is, do you?
So it sounds like GE spun them off at the top. Smart move on the part of GE, sucks for everyone left holding the bag.
Writing Down Goodwill
FASB Considers Direct Write-off of Goodwill | Compliance Week
http://raw.rutgers.edu/docs/intangibles/Presentations/FengGuGoodwill_Presentation.pdf
Analysis of Goodwill Accounting Indicates Pricey Purchases - WSJ
Would you like me to go on? Writing off goodwill is not a good thing. In this case, it means that GE sold off Genworth for more than it was worth.
https://www.youtube.com/watch?v=flityqF_AKw
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You obviously have no idea what goodwill is. Go take a freshman level Finance class.
- Thread starter
- #56
Arthur Rudnick
Guru
- 1,652
originally posted by Mr_Ed
Each year I take 2 bags of my used clothing to Goodwill.
From now on I'm going to send them to Genworth instead.
Each year I take 2 bags of my used clothing to Goodwill.
From now on I'm going to send them to Genworth instead.
- 15,041
https://www.youtube.com/watch?v=flityqF_AKw
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You obviously have no idea what goodwill is. Go take a freshman level Finance class.
You are so predictable. If someone said the earth was round, you'd argue that it is flat.
originally posted by Mr_Ed
Each year I take 2 bags of my used clothing to Goodwill.
From now on I'm going to send them to Genworth instead.
Lmao !!!
No... it's just that you are a GNW hater and you'll skew the facts to try to justify your bias.
The holding company has had worse quarters than this one, yet the insurance company continues to pay claims.
The holding company's stock was priced UNDER A DOLLAR a share... yet the claims have continued to be paid.
You either don't understand how insurance companies are regulated OR you ignore that fact to try to justify your bias.
- 15,041
I love it, I'm a hater. Such a classic claim now when someone doesn't agree with you. The reality is, Genworth is a troubled ship and I don't think there is a person on this forum that wants to see the ship go down. But to accuse someone who is pointing out the ship is sinking of being a hater? That is a schoolyard tactic.
I suppose I better call underwriting and withdraw the applications I have pending with them? After all, I'm a hater. (These are life apps, btw.)
