The market's doing its best imitation of a healthy Superman this morning - up, up, and all that - but Jupitermedia has been left on the sidelines. Following the corporation's report on its fourth quarter earnings, Jupitermedia's stock is acting in a less than heroic fashion.
But here's another problem: "the impairment charge of $82.2 million, or $2.28 per share. Jupitermedia still has $143 million in goodwill on its balance sheet. Total shareholder equity is still $160 million, or $4.44 per share. So, why write-down only $82.2 million? Maybe the company can't due to some accounting rule, but it is the season for massive write-downs of fake assets. There is not only this, but the company provided no information about this impairment charge."
In other recent Jupitermedia news, the company announced its acquisition of eStockMusic.com exactly one week ago.
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