Accounting & Financial Analysis News by GLG Council Members

The plan to allow investors to volantarily hold rate resets on loans originated effective Jan 05 through Jul 07 which reset between Jan 08 & Jul 10 will have some positive impact. Pamper the consumer 1.  By extending the low interest available for a further 5 years, the consumer is pampered at the expense of the investors.  Supporting the consumer who account for 2/3 of GDP is important...

Since the advent of the Apple IPod, the world of music has changed dramatically and Apple has take market share and today has virtually no competition. Nokia’s bold move in the cell phone music market will definitely rock the market but may not be enough to bring Apple down. I would not go so far to say that this would be the end for pay services but they will give Apple a run for their money.

Who has not heard of Bill Miller and his outstanding performance. Now as we all know past performance is no indications of the future. Bill has shown that he can consistently beat the market over long periods of time but one cannot expect that to continue unabated. I think Bill will come unscathed over the next 2-3 years.

As was well publicized, VeriFone Holdings (PAY) issued a press release yesterday disclosing it overstated its pre-tax income by approximately $30 million during the first three quarters of F2007 (which ends in October).  Importantly, the overstatement represents 80% of the company’s pre-tax income for the first three quarters of F2007 and the company’s shares have sold off significantly...

Bill Miller at LM is a legend with 15 years of outperformance.  His willingness to concentrate risk in a small portfolio & ability to spot value with decisions often in conflict with street has led to a long period of outperformance.  The breakdown in performance occured in 2006 and has now extended into 2007. LM's short term performance has pushed them out of the top quartile (long/mid...

This article looks at the compelling value in Pfizer and seeks to value the security as a hybrid.

Micron, Samsung and Sandisk are the companies in the forefront of SSD technology and they stand to benefit big-time over the years to come.

Dell has a wonderful turn around plan which is not attracting any value. What’s missing? undefined1.       undefinedWhat I respected in the Dell of old was their incredible supply chain expertise; it was an incredible unvalued (for accounting purposes) intangible.  We would like to see that re-emerge. undefined2.       undefinedThe old...

The government has paid hundreds of millions less as a result of these measures. Now, the government has targeted the Hospice industry. Of course, there is no physician that can predict how long a patient will live. Physicians sign orders for Hospice patients that are terminal. The physician cannot know how many days of Hospice care will be provided. Much of the Hospice care is provided in a patient’s...

Board restructuring, Implementation of appropriate information systems, Productivity and staffing, Debt restructuring, Revenue cycle improvements, Supply expense reductions, New contracts and capital equipment approval processes are the Turnaround areas that scorecards can be helpful with.