Published: March 07, 2019
YBR’s intangible assets swelled when it acquired Vow Financial Holdings and Resi Mortgage Corporation for $54 million in 2014. Their goodwill was part of the purchase. It’s all intangible now, but the writedown represents the loss of assets YBR paid for. Overwhelmingly, in cash.
The largest shareholder in Vow, incidentally, was Macquarie. Which is no longer a YBR shareholder, having sold out to Ron Brierley’s Mercantile Investment Company in April. A good time to exit; YBR shares are worth a third what they were then.
from Just News Viral https://ift.tt/2H6flgB
0 Comments