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Investors have so far paid little attention to intangibles, but as write-downs proliferate they are likely to become increasingly wary of industries with a high ratio of goodwill to assets, such as health care, consumer goods and telecoms.In this section The ties that bind An Italian lifeline Looking Good?
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Kleinschmidt trusts defense companies' price/cash flow ratios, rather than their price/earnings ratios, because industry consolidation has created a great deal of goodwill that, when amortized, understates earnings.
A lot of goodwill.
The season of goodwill.
Traditionally, Christmas is a time of goodwill.
There are other signs of goodwill.
There have even been hints of goodwill.
It still needs barrels of goodwill.
Mr Davis has no reservoir of goodwill.
WRITE-OFFS of goodwill are confusing.
Nadal has earned plenty of goodwill himself.
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