GLG News by LBO and M&A Accounting & Tax Consultants

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...

1. Sears retailing operations continue to flounder.2. Profits are generated through various financial engineering schemes.3. What will the future Sears looks like?

1. The PCAOB is an entity that few people know much about2. Although they impose strong standards on the accounting firms, their own processes seem to be needing improvement3. Accounting firms don't have the luxury of finishing audits without a deadline. Why should the PCAOB not have one?

1. Dillard's faces a tough competitive climate2. It finally has abandoned its cluttered store concept and streamlined inventories3. The net result is fewer sales, but increased profitability

1. Other than payroll costs, legal costs are the largest expense in an accounting firm.2. Doctors got medical malpractice relief last year and now the accountants want the same treatment.3. But are the accountants willing to lower their billing rates, if they have less legal exposure?

1. Sarbanes Oxley has cost US businesses billions of dollar, making the cost of doing business in the US higher than other capital markets around the world. 2. The biggest benefactor of Sarbanes Oxley is the big 4 accounting firms who also got a windfall from the demise of Arthur Andersen. The...

1. Auditors are substituting their judgment for adhering to rules2. Rule based compliance helps auditors to minimize tier litigation exposure3. Accounting is now producing meaningless results by following arbitrary rules