Another company has taken a write down as a result of holdings in its investment portfolio. This time the company was Bristol-Myers Squibb (BMY). We wrote about the problems with these auction rate securities in a blog post from December:
The Problem with Auction Rate Securities
BMY took a $275 million write down due its poor investment decision.
Monday, February 4, 2008
Auction Rate Securities Bite Again
Posted by TJF at 7:18 AM
Labels: Auction Rate Securities, BMY, Bristol Myers Squibb
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