tsx:IDG Here’s Why This Doomed Stock Could Bolt 68% Higher

Discussion in 'Stocks' started by guru, Aug 7, 2019.

  1. guru

    guru

  2. Sig

    Sig

    It's probably worth a refresher in how book value of assets is determined from a financial accounting perspective. If you owned the worlds only buggy whip manufacturing machine in 1915 and were using the cost model you could probably get away with carrying it at the $X million you paid for it minus depreciation under GAAP. Even though the rest of the world could clearly see the thing was effectively obsolete and in an asset sale would fetch scrap value.
     
    jys78 likes this.