Anil

SiRF: Undervalued or Value Trap?

Hi Joe

That's an interesting view. However I am not in agreement that public companies are valued lower than private.

If there is dearth of quality private companies looking for capital or a specific VC firm has trouble with deal flow or funnel then its another story. I think the valuation in Private company adjust to new valuation at each round dynamically. But since they are not traded every day, some private companies which raised a decent round in good times don't have a "mark-to-market" till their next round.

Over all I agree with your analysis. The management of SIRF would be looking at their past valuations and would likely awaiting return of sunny days till it does not matter any more. Look at Yahoo... I think that's because we are people in Exec are optimists otherwise they won't even get invited for an interview!!!

LOL.

Anil

Fannie and Freddie: Let’s Call the Whole Thing Off

Sadly - This is true. Government is also engaging in deception by not nationalizing and informing tax payers of the obligations/bail outs assumed on behalf of citizens.

Who's to Blame for IndyMac's Failure?

Indymac was formed because Counrywide was sort of ashamed to carry those MBS in its portfolio. The only surprise is that Countrywide folded before Indymac.

People wake up.... Just because some one says so-an-so is poor does not mean a bank will go bankrupt.

I can assure of any comment of those type will not affect Charles Schwab for that matter..

Time to Exempt Mortgage Securities from Mark-to-Market Rules

I don't understand why they would start marking up? They own mortgage not the house. When there is risk in realizing the full amounts due due to deterioration of underlying collateral - only then they have to write down.

They can write up only to the extent the write down is due to such down turn.

Once the write down is over, more likely the write ups will be in line with historic averages for home price appreciations.

Have I missed something?

Fannie and Freddie: When the GSEs Go, So Goes the Dollar

BS Detector,

Although your analysis is good, it may contain one small flawed assumption. "The housing value of the assets will return to previous values". While this may come true in next 10 years, the NPV of those gains vs. cost of carrying these resources may not be attractive.

I guess it depends on what side is the bias. If we think that housing prices will return to their peak in next 3 years or so then your argument may have merit.

What are your thoughts?

Chinese Bubble Bursts: Thanks for the Wild Ride

Is this an article or a comment? It looks like the article is inadvertently truncated and the main message lost. If not, then this is a very stupid article.