Riptide on 12 January 2009
| Demotruk said: http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN1237333820090112 I don't think I'll comment.. |
Hmm, that is actually alot better than I expected. I don't think they have to do any significant cutbacks in specific regards to SCE. The one thing that could have had catastrophic consequences was their exposure to their financial arm and only having to write down 450 million is pretty good in comparison to other international financial instituations so they weren't exposed to anything nefarious or was affected that greatly on making returns to pay its unit holders. Would also like to know how their big bond issue went last month and well the market received it. Anyway, this report should be taken with a grain of salt before the official report is released.
