Green51q on 02 May 2012
Their stock im expecting is going to make many people very wealthy.
3.6 billion of their loss was a tax write-off, i.e. not theirs in the first place. Coming from their actual bank account, the original loss forcast of about 2 billion USD is still pretty acurate.
But people see big numbers and immediately assume the worst.
Reading their annual financial statement, each quarter of 2011 showed improvement from 2010 (asside from the first quarter with the tsunami), sometimes even marginally profiting , it wasnt until Q4 with the tax business that really damaged their overall year.
