Heritage Global Announces Wind-Down Of Specialty Lending Business, Expects Material Non-Cash Q2 Charge On Loan Write-Downs; Reschedules Q2 Results To August 13
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Why It Matters
Heritage Global is closing its lending business and will take a big accounting loss in the next few months. When a company stops a whole part of its business, it's worth watching what happens to its remaining operations and whether it can still make money.
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