Yep, i was subtracting net intangibles as well which makes it come out
with an even lower book value. I can't see how MWA can justify such
high levels of goodwill and intangibles since what they supply is
basically a commodity, and there is very little barriers to entry in
admittedly they have a known brand but it is not Apple or Addidas, so
but this stock just keeps dropping and becomes cheaper and cheaper, i
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