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Strategies & Market Trends : Value Investing

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To: David who wrote (17474)7/30/2003 8:31:34 PM
From: rjm2  Read Replies (2) of 79043
 
BONT accounting question from a friend of mine.

"http://www.sec.gov/Archives/edgar/data/32020/000095015203004365/l97259ae10vk.txt


With BONT paying $80 million, is it possible that you would have to write the PP&E and other assets down to ZERO at EBSC? If so, would that mean that the $20 million in annual depreciation and amortization at EBSC would be eliminated? I'm not sure what the answer is, but I am becoming increasingly convinced that the "bargain purchase" is going to, in and of itself, do wonders for the income statement of BONT, or whoever the acquiring company is."
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