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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: George8 who wrote (33777)	3/11/2009 8:25:21 PM
From: anializer	Read Replies (1) \| Respond to of 78702

The Co. has a ton of portfolio Companies, and mainly they hold subordinated debt. I haven't done a full review of these companies, yet its had not to imagine at least some of them on implode-ometer watch. Any time a balance sheet lumps together Long Term Investments, the value of those investments becomes suspect. In addition, categories like "Other Equity" without full intelligible disclosure scares me. I think the Government contemplating getting rid of mark to market rules is nothing more than encouragement for Companies to lie about the value of their assets. They are worth what they are worth, not what they were worth at the market peak and even then, they were carried at extrapolated values that did not reflect realities. Another Government attempt at propping the market. apolloic.com finance.yahoo.com