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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: anializer who wrote (37174)	3/31/2010 9:46:56 AM
From: JakeStraw	Read Replies (1) \| Respond to of 78748

BXG - finance.yahoo.com Book value 12/31/09 - $12.32 But - In June 2009, the Financial Accounting Standards Board issued accounting guidance that requires the consolidation of certain special-purpose finance entities into the Company’s financial statements, when adopted by the Company on January 1, 2010. While we have not completed our evaluation of the effects that this change in accounting will have on our financial statements, we anticipate that our net worth, leverage and book value per share will be materially adversely impacted as a result of the reversal of previously recognized sales of notes receivable, the recognition of the related, non-recourse receivable-backed notes payable, and elimination of retained interest in notes receivable sold. Accordingly, we expect to record a one-time non-cash after-tax adjustment to shareholders’ equity in the first quarter of 2010 of between approximately $35.0 million to $55.0 million as a cumulative effect of a change in accounting principle.