LOL results crimped by write down of CF stake

摘要

Arden Hills,Minn.-Land O'Lakes Inc.reported a drop in 2004 and fourth quarter net earnings,citing in part a 36.5 million impairment against its investment in CF Industries Inc.,taken in the fourth quarter.LOL owns a 38 percent stake in CF and a 249.5 million investment.CHS Inc.,another CF stakeholder,recently took a 35 million charge based on its CF investment (CM Jan.17,p.1).