Exact(1)
A series of minor debacles prompted the SEC to launch a fact-finding mission in May: there are concerns about fraud, bad valuation of net assets, and misrepresentation to investors.
Similar(58)
Big market valuation increases.
This valuation gives bad schools license to take chances in recruiting more highly experienced teachers.
Bo Lundgren, one of the architects of Sweden's much-vaunted 1990s bank bail-out, stresses the importance of transparent valuations of bad assets.In another difference with Sweden, where the economy had already been contracting for seven quarters before the government strongly intervened, the downturn in this economic cycle is still young.
I push back on a lot of that power law stuff; it can be an excuse for bad behavior and stupid valuations.
Still, a good Level 3 valuation beats a bad Level 2 valuation.
But the valuation of the bad bank's assets has proved to be a thorny issue because of the effect such valuations could have on other real estate assets.
Valuations aren't bad, either.
In reality, the valuation is not that bad given the bank's dismal third-quarter results.
Yahoo! currently sports a market valuation of $5.3 billion, not bad for a startup that posted a mere $4.3 million in earnings last quarter and has never reported a profitable year.
Both buyers and sellers appear to be taking a deep breath, in anticipation of more bad news to come about dropping valuations and tightening credit.
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Justyna Jupowicz-Kozak
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