Posted by rgoodwin on 10th of Sep 2008 at 10:45 am
BUt bad management can take down a good balance sheet - plenty
of historical accounts. They could become only worth the cash they
have and buildings they own - which in today's market - those too
are going down in value.
Posted by dallahoo on 10th of Sep 2008 at 10:56 am
that's very true, and will make the job of a fundamental analyst
very hard, he has to take a lot of economical risk parameters into
equation, and I mean a real analyst, not dime-dozen monkeys, with
after-the-fact revision that they parade on TV,
one reason I have not used my number crunching skill for
years,
but let's start with current state of LEH's balance sheet, what
are they really worth?
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BUt bad management can take
LEH
Posted by rgoodwin on 10th of Sep 2008 at 10:45 am
BUt bad management can take down a good balance sheet - plenty of historical accounts. They could become only worth the cash they have and buildings they own - which in today's market - those too are going down in value.
that's very true, and will
Posted by dallahoo on 10th of Sep 2008 at 10:56 am
that's very true, and will make the job of a fundamental analyst very hard, he has to take a lot of economical risk parameters into equation, and I mean a real analyst, not dime-dozen monkeys, with after-the-fact revision that they parade on TV, one reason I have not used my number crunching skill for years,
but let's start with current state of LEH's balance sheet, what are they really worth?