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The impairment charges indicate the company is recognizing a decline in asset value.
At yesterday's news conference, Mr. Messier lauded Mr. Diller's "industry vision" and "track record for growth in asset value and cash flows".
They have lost more than $320 billion in asset value through write-downs; they have not lost that much in profit.
The outstanding performer among smaller company funds is AIM Trust which recently sold the holding in BATM Advanced Communications that was primarily responsible for the 600% leap in asset value seen last year.
Changing focus: Tenants may well see energy efficiency works as part of the landlord's day job – and the point about tenants not wanting to pay for a landlord's increase in asset value is well made.
To a banker, a company with a total liabilities-to-equity ratio of 1 to 1 can suffer a 50% deterioration in asset value and still repay a loan.
Similar(42)
"And it's the decline in asset values around the globe".
Mr. Wyden proposed taxing gains in asset values annually, at the same rate as other income.
It is understandable that the Bank should want some stability in asset values.
Then, any drop in asset values will set off the debt trap.
One reason for the plunge in asset values is a global economic slowdown.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com