Friday, February 27, 2009

RR Donnelley Reports $687 Million Q4 Loss

@ Graphic Arts Online:
"The company took a total of $1.14 billion in charges, almost all of which to cover the write-down of goodwill and other intangibles."
So they were carrying $1.4 billion on their balance sheet as "goodwill?"

I don't know enough to know, but if it is what it sounds like, good riddance to "goodwill" and let's get down to business. You can put a value on Coke or Apple or Google, but R.R. Donnelley?

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