GLG News in Accounting & Financial Analysis

This article looks at energy as being a sector in secular ascendancy.  It searched for the next secular growth opportunity.

The referred article is a great comparative  between the strategies followed by Merriyl and Lehman respectively. While Merriyl Lynch was constantly considering strategies to overcome the liquidity crisis, Lehman was basking in its past. Merriyl was considering the basic tenets of risk management, Lehman considered it had no risk. Merriyl carried out a regular effective SWOT analysis while Lehman...

There are significant arguments today on what should or should not be done to address the current capital market crisis.  In reality, market economies first and foremost rely on trust.  When trust is lacking, the ramifications are significant and far reaching.  The mistrust of one sector multiples into problems throughout other sectors.  A good example is the impact of capital...

Has the healing process begun?

The coming of liquidity into a tight market is indeed good news.  However, will it help in the long term?

Will more steps be needed beyond the US Congress plans for a financial fix?  Ultimately, in my view, yes, but this is a good first step.  And probably the first step is all that is required for now.  The next steps will come as and when required.

The present banking crisis is once again bringing out the importance which prudent financial management plays in wealth creation and maintenance. Till  now it was profits, sales targets and gross billing which  was important. The growth and continuing existence of the organization was taken as given. This was both at the macro and micro level. A finance manager who urged caution or an auditor...

The  Fed gets  more confused every  day.One day it  says  no  bailouts the next day it reverses course. The  latest being in the case of AIG which has virtually been nationalized. The  trend  of  Northern Rock (UK) and  then Bear Stearns, Freddie, Fannie and now AIG is completely straight forward. The only exception was in the case of Lehman which...

United States stepped up with an $85 billion loan in exchange for a 79.9% equity stake in AIG. When BSC was bailed out the question of a moral hazard arose.  Yet a LEH buy out was not forth coming.  A few days prior, FRE & FNM were rescued.  A day later we have AIG rescued.  Why? Now that solvency has become a major issue and is a great danger to both Wall Street &...

The  talk is  as  if  Armageddon  has  arrived. A number of Institutions  have collapsed or are looking for lifelines. The situation is bad but not alarming.  Since  September 2006  I  have  been  arguing  in  these  columns  that  the  skyline was not bright and especially  so  since  March...