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GLG News by Investment Banking Experts (US)

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September 11, 2008
Tough Sledding will Continue for Japanese Consumer Electronics Firms
Analysis of: Who Will Own Your Living Room? Consumer electronics companies say this is the year of the digital home. But many of the coolest new products are not labeled "Made in Japan." | money.cnn.com
Author: GLG Expert Contributor
Sony, Panasonic, Pioneer, Toshiba, JVC, Kenwood, and NEC are all venerable consumer electronics brands, but unless there are dramatic shake-ups in the way they manage their businesses, their glory days may be forever gone.  Competition from Korean companies like Samsung and LG and a myriad of competitors...
August 18, 2008
Factor In Reality
Analysis of: Bank Debt Risk Rises as Writedowns, Losses Exceed $500 Billion | www.bloomberg.com
Author: John Salomone, Managing Director, Structured Finance International, LLC
Write downs are not actual losses and a mark-to-market loss is not a cash loss. Widening spreads in the credit default market, although real, must be recognized for what they are; namely, market monetization of perceived risks compared to recent backwards looking asset and cash flow valuations. Recovery...
April 14, 2008
Deeper Analysis Required - Stability Likely
Analysis of: Hotels Most Vulnerable to Recession Scenario | nreionline.com
Author: John Salomone, Managing Director, Structured Finance International, LLC
On the surface, statements seem valid and perhaps are for individual properties and new construction plans. The structured financings inside management contracts and leases provide relatively stable cash flow for the real property owners and lenders that are the underlying financiers of the hotel industry....
March 17, 2008
Still Room for (ATM) Cash Flow Buyers
Analysis of: ATMs and a changing biz model | www.greensheet.com
Author: John Salomone, Managing Director, Structured Finance International, LLC
Right if you seek only Equity Returns from an ATM Portfolio, but timing is ripe for Fixed Income investors. All the warnings and diligence advice is right on the button, but if you are looking to replace minimal returns on a portion of your fixed income portfolio, a properly structured ATM buy can produce...
March 3, 2008
Remember the old Wall Street adage: "When they raid the whorehouse, they take all the girls"
Analysis of: Here come more financiers' writedowns | money.cnn.com
Author: GLG Expert Contributor
Simply, writedowns do not overstate the extent of problems at financial firms.  Yes, ultimately the coming "correction" will be overdone (given human nature, most are), but we just getting started (that is, expect a long, sharp recession) -- so things are going to get much ...
February 21, 2008
Germany confronts the worst financial crisis since 1931
Analysis of: German State-Owned Banks on Verge of Collapse | www.spiegel.de
Author: GLG Expert Contributor
Six months ago, BaFin President Jochen Sanio warned that the "worst financial crisis since 1931" was unfolding.  Simply, I concur.
February 20, 2008
Expect more bad news from Credit Suisse
Analysis of: Credit Suisse Strips $1B From 1q Profits | biz.yahoo.com
Author: GLG Expert Contributor
More bad news could pave the way for further buy-ins by foreign investors, such as the Qatar Investment Authority.  "The final determination of these reductions will depend on further results of our review and continuing market developments," the bank said.  Read: Expect more bad news. ...
February 15, 2008
Expect at least four very bad quarters for Morgan
Analysis of: Morgan Stanley: The Riskiest Bank on the Street | seekingalpha.com
Author: GLG Expert Contributor
Morgan's stock will continue to decline.
February 8, 2008
The monoline insurance business model is faulty
Analysis of: MBIA to Raise Additional $750 Million of Capital | www.bloomberg.com
Author: GLG Expert Contributor
The monolines have effectively guaranteed the solvency of our modern asset structures.  The size of the asset-backed market that the monolines insured in recent years is in the trillions of dollars.  Any short-term bailout is merely an illusion.
February 6, 2008
The market for leveraged buyouts will dry up for the next one to two years in the wake of the credit crisis
Analysis of: Private equity investment returns slow down | www.financialnews-us.com
Author: GLG Expert Contributor
The market for leveraged buyouts will dry up for the next one to two years in the wake of the credit crisis.

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