Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jurgis Bekepuris who wrote (42103)	4/1/2011 10:05:02 AM
From: Jurgis Bekepuris	Respond to of 78746

Just a note: SPU filed 10K with unqualified opinion by BDO. BDO did not audit internal controls, but management did a review and discloses some deficiencies from 2009 acquisition. So question to Spek and others - should we buy SPU now? HRBN has gone up quite a bit from their 10K release. So is "market right" there? Or is it a great short? Personally, I am not sure how we can decide which ones of the leftover RTOs are legit. All the ones with unqualified 2010 auditor opinion (or should we also restrict auditors to big 4?)? All the ones with no deficiencies in internal controls? I am not aware of a single RTO company that satisfies both conditions above. Or do we wait until 2011 for companies that satisfy both conditions? Disclosure: No positions in HRBN and SPU. I sold my positions in last couple weeks.