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May 24, 2012

With $5b of intangibles, will new Fairfax director wield the axe?

With its share price sliding to record lows, Fairfax Media is now in the invidious position of having the most wildly optimistic balance sheet of any ASX200 company.

Stephen Mayne — Journalist and Founder

Stephen Mayne

Journalist and Founder

With its share price sliding to record lows, Fairfax Media is now in the invidious position of having the most wildly optimistic balance sheet of any ASX 200 company.

1 comments

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One thought on “With $5b of intangibles, will new Fairfax director wield the axe?

  1. Phen

    What they put as intangibles has no impact on their share price anyway so it really doesn’t matter. E&Y would’ve looked closely at their cashflow models supporting the intangibles balances.

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