Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jurgis Bekepuris who wrote (45803)	12/4/2011 12:39:05 PM
From: Spekulatius	2 Recommendations Read Replies (2) \| Respond to of 78673

Re XLS,yes I agree that XLs 2.1B$ pension deficit is a big deal. I am miffed, because the pre-spinoff numbers were in the order of 1B$ and 8 sort of relied on that. I think part of the deal is that the pre-spinoff numbers are post tax and the numbers now are pre-tax ( they mention a 800B$ deferred tax asset in their latest numbers, which is roughly equivalent to income taxes on the 2.1b$. Their latest presentation does not mention any of this (earlier presentation did ), I found this in their first 10q. I found this pension accounting to be very arcane, these liabilities don't run through the income statement in the regular way, nor do they show up on the balance sheet in a straightforward manner. I may have to consider my investment in light of this obfuscation, as I see it.