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Non-Tech : Central Garden & Pet Co. (Nasdaq : CENT) -- Ignore unavailable to you. Want to Upgrade?


To: Paul Weiss who wrote (10)7/9/1999 1:22:00 AM
From: Dale Stempson  Read Replies (3) | Respond to of 73
 
RE: >>> One question that I need to answer is how much of CENT's book value is related to 'goodwill'? <<<

Paul, According to their annual report (September fiscal year end), goodwill on the balance sheet was 339 million. Notes indicate they use straight-line amortization over periods ranging from 20 to 40 years. Accumulated amortization was about 12 million.

Yeah, CENT has completed quite a few acquisitions and the resulting goodwill is clearly reflected in the company's high book value. I expect the numbers will likely increase in the future as CENT continues to actively pursue new growth opportunities through additional acquisitions.

Regards - Dale