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DewDiligence

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DewDiligence

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Re: jq1234 post# 149749

Monday, 10/01/2012 8:53:56 PM

Monday, October 01, 2012 8:53:56 PM

Post# of 257262
AZN’s 6/30/12 balance sheet is shown about halfway down in this document:

http://www.sec.gov/Archives/edgar/data/901832/000095010312003957/dp31955_6k.htm

It’s not pretty—if you strip out the roughly $22.5B of goodwill and intangible assets, the resulting shareholders’ equity is negative.

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

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