Wednesday, April 27, 2011

Capital management in a Chinese software firm

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Longtop Financial Technology ( NYSE:LFT – market cap $1.5 billion) is not a Chinese reverse takeover. The stock came to the market the c...
17 comments:
Sunday, April 17, 2011

Fatal Risk – the must-read book on AIG's failure

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There are dozens of books on the financial crisis: I have read many of them and the Kindle samples for just about all of them. There are onl...
19 comments:
Friday, April 15, 2011

Universal Travel Group: auditor resigns edition.

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Universal Travel Group has lost its auditor - a small firm Windes and McClaughrey .  Windes looks  reputable - a cursory look through the S...
8 comments:
Saturday, April 9, 2011

Singapore-Australia stock exchange merger: reasons for the veto

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Mike Smith, the CEO of ANZ Bank (one of the big four Australian banks), has received a lot of press for criticising the Australian governme...
28 comments:
Tuesday, April 5, 2011

China Media Express and a comment on the efficient market hypothesis

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China Media Express has announced that it will appeal its suspension from the Nasdaq . I guess they are going to say that - apart from thi...
19 comments:
Monday, April 4, 2011

Northern Oil versus Brigham Exploration Company

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Someone in the comments asked me why I was short Northern Oil versus (say) Brigham Exploration Company.  Brigham is another highly valued B...
9 comments:
Saturday, April 2, 2011

When senior executive pay becomes parody: Transocean edition

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Transocean awards bonuses to senior management at least in part based on safety.  That looks honorable to me. But as the WSJ reports : T...
10 comments: