CBA 0.43% $80.06 commonwealth bank of australia.

write downs on iwl merger

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    Just want to know other people's thought on the possible future write downs on the IWL buy-out. I can't remember how much CBA paid for IWL, however nearly everyone i have spoken to who was with Sanford is now leaving Comsec. As with all takeovers, CBA would have paid a premium for goodwill etc. With the mass exit of previous Sanford customers, surely CBA will have to take a hit at some point in time.

    Anyone elses thoughts??
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