Someone Has A Look At Fosters
The Oz Finance Gurus Follow Drinkster
by PHILIP WHITE
You gotta be kidding!
Australia Day, not much going down in the business sector – in a manner of speaking – and somebody at The Oz thinks Fosters has bigger failures to admit.
Reporting Goldman Sachs JBWere analyst Ian Abbott’s warning that Fosters still holds a total of $2.2 billion of wine-related intangible assets on its balance sheet, The Australian says Fosters “could be set to announce further write-downs of up to $700million”.
These people obviously took twelve whole months to read DRINKSTER’s piece, first published in The Independent Weekly in February 2008.
To share our sweet "I Told You So", click Fosters: Two Bill Too Big.
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