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Well, non-cash Assets are often valued way above the firesale price they'd fetch in a rapid liquidation. The $4B in goodwill is not easy to extract.
by rphlx 15y ago
Well, non-cash Assets are often valued way above the firesale price they'd fetch in a rapid liquidation. The $4B in goodwill is not easy to extract.
- tomkarlo 15y agoTrue, but they have significant investments outside of their own business that would likely hold value, plus the assets on balance sheet don't include any patents, etc. that they own and might have standalone value. I'm just saying that's why the P/E will tend to float higher than you'd expect on the comps alone when you get down to certain market caps.