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Strategies & Market Trends : Contrarian Investing

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To: pcyhuang who wrote (1572)	9/8/2007 10:54:29 AM
From: pcyhuang	of 4080

re: NYT's article on NFI I think that the NYT's article is very biased and shows that the writer is ill-informed about the investment merits of the situation. For example: >Deloitte seems to have invoked a little-known auditing standard that says an auditor cannot allow a previously audited financial report to be cited by a company if there are subsequent events “of such a nature that disclosure of them is required to keep the financial statements from being misleading.” The true reason is this: ncreif.com. see slide 17 & 21. There is no way the offering could have gone through, since NFI is still a REIT until the end of the year. pcyhuang

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