Awesome. Thanks for the good work. Anything else bothering you in the report, other than Geico? I’m kind of excited about how big Clayton can get, and like the fact that we retain all the loans and service them.
Precision Castparts is another business to watch. There's still a lot of goodwill associated with the company and the 10-K provided details that might imply a write-down in the future if goodwill impairment tests are not met. Of course, that's a non cash accounting issue.
I might have time to write more about the report this week. I’ve read the entire report and updated all of my spreadsheets - an annual tradition!
Awesome. Thanks for the good work. Anything else bothering you in the report, other than Geico? I’m kind of excited about how big Clayton can get, and like the fact that we retain all the loans and service them.
Precision Castparts is another business to watch. There's still a lot of goodwill associated with the company and the 10-K provided details that might imply a write-down in the future if goodwill impairment tests are not met. Of course, that's a non cash accounting issue.
I guess Geico would be a great question for the annual meeting and hopefully there is a detailed commentary.
No doubt about it ... Ajit Jain has been very candid on GEICO's troubles in the past and I'd expect the same this year.