GLG News in Accounting & Financial Analysis

The article makes several claims that need a response.  First, it declares the principal question that accounting tries to answer is “What is a company really worth?”  Second, it states that fair value played a role in the recent “economic meltdown,” because the fair value rules forced “banks to sell their securities in plummeting markets.” Third, it states that historical cost reporting...

I can accept that the GSE bailout is an acknowledgment that there is a significant issue (which was already known); and it is a first step to address the issues.  But there is a long way to go before the issues are worked through and resolved.  While this occurs, capital adequacy, write downs and pain are likely to continue - valuations will almost certainly fall further. Markets the world...

Nothing fails like failure - thats what  has  happened  to  the mortgage giants. Fannie and  Freddie  have become so  important to  the  stability of global and american financial markets that the possible failure of  these institutions just had to be checked. In my analysis below I argue that the federal takeover of  Freddie and Fannie ...

What can a production cut on 9/10 mean?

Where does oil go now?

The PFE problem is that until science does deliver, the necessary catalyst is lacking. And after 10 years, repair is going to take time. My view is that there is a strong case for major pharma, even if science is slow in delivery. The valuations and yield is great; and the growth potential enormous - the twin intangibles R&D & supply chain (marketing) can and will deliver.  It is not...

1) Health Care Financing Administration published hospital mortality rates in the 80's, only to later discontinue the practice.  2) Mortality rates are a poor proxy for quality.  3)  Other measures are better to assess quality of care.

This article highlights the impact that Gustav might have on near term oil prices.

The effect of Federal  monetary  policy  in  the  the  present  economic  crisis is undisputed. In this analysis  I  look  at  what  will  be  the  effects  going  forward  of  the effects of  this  policy  and  whether  the  economic  value  of  assets ...

To accept or reject an offer to sell all or part of a company is a challenge.  There are two issues.  First is the maximization of shareholder value.  The second is understanding the basis of conflicting valuations.