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DewDiligence

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Re: DewDiligence post# 12006

Thursday, 02/04/2016 9:03:59 AM

Thursday, February 04, 2016 9:03:59 AM

Post# of 30495
MDLZ takes big writeoff on Venezuela:

http://www.wsj.com/articles/mondelez-posts-loss-on-venezuela-related-charge-1454506287

[Mondelez] said it posted a one-time accounting charge of $778 million, or 48 cents a share, to remove all assets and liabilities of its Venezuelan operations from its balance sheet and reclassify the business as an investment rather than an operating unit. The move is an attempt to shore up the drag on earnings as Venezuela continues to struggle.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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