GLG News by Current or Former Chief Financial Officers in the Banking Industry

Some reported gross margins from home sales may appear to be higher than they really are.  Investors should be alert for situations where reported gross margins are inflated by prior inventory writedowns.

Consolidation will occur in the industry The strongest companies will survive the downturn five years from now there will be significant changes to the industry  

Payment requirements under land option contracts are an important consideration when evaluating the cash flows of homebuilders.

There is widespread interest in the housing industry, housing stocks and bonds, etc.  This impacts many industries and companies.  The article offers my point of view about the current state of the homebuilding industry and suggests when and why things will turn around. 

There has been considerable recent press coverage about alleged mortgage abuses by Beazer Homes.This appears to be compounded by overall concerns about subprime mortgage activities.It is important to maintain perspective on this issue as it relates to Beazer

  Recent slowdowns in the absorption of housing inventories have resulted in a series of earnings charges from writeoff. of land deposits, preacquisition costs, goodwill and other intangibles, and the creation of valuation reserves for land, work in process and finished homes. This article...

There are early indications of a bottom forming in the subprime mortgage market, and now is the time to make a lot of money on the next leg. Time to shift from the back foot to the front. Don't be caught in short-squeezes. Place your bets now on the future winners. There will be dramatic rebounds as...

Hedge fund losers are going to begin appearing. The crisis atmosphere in the markets will spread further. But this asset class does have a downside valuation floor. Hard-core rigorous analysis is identifying major trading opportunities in the current crisis. The bigger longer term opportunity is already...

HSBC’s decision to fire Bobby Mehta was a mistake; a classic wrong reaction. By recognizing the symbolism of the event, huge opportunity is signaled for investors.

IBM’s recently announced offering of a “comprehensive” financial planning tool to its employees, in conjunction with its further retreat from a defined benefit pension plan, is a charade. There is nothing particularly significant here from a product offering perspective. The implications of IBM’s product...