Mohawk Swings to Loss - Todd Sullivan

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Mohawk Swings to Loss
Nov 04, 2008 02:20 PM UTC

Todd Sullivan

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Via Todd Sullivan's ValuePlays:

Mohawk, which has Bruce Berkowitz, Raune / Cunniff and Wally Weitz as major holders saw operating profits fall 38%.

Mohawk Industries Inc.,(MHK) the Calhoun, Ga., producer of flooring and carpet, swung to a $1.39 billion third-quarter net loss, after impairment write-downs on intangibles and deferred tax assets. The loss equaled $20.37 a share, after the charges of $1.22 billion for intangibles and $253 million for tax assets. Adjusted profit was $76 million, or $1.10 a share. That's off...

Continued at Todd Sullivan's ValuePlays

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