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re: Lehman Watch Thread

Posted on 8/21/08 at 5:02 pm to
Posted by whodatigahbait
Uptown
Member since Oct 2007
1758 posts
Posted on 8/21/08 at 5:02 pm to
quote:

quote:


Bove was the one of the very first to blow the whistle on the troubles banks were going to have.



:rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao:

ETA: Bove has been calling a bottom in financials since early spring.


I agree with you; he changes his mind all the time and he has called the bottom many times however it doesn't change the fact that he was one of the very first to point out the banks troubles
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/21/08 at 10:30 pm to
FWIW the only reason their last F/S is marked unaudited is because it is a quarterly report and therefore a review, not a year end audit (see p 52 of f/s). It has no bearing on the accuracy of the information provided (insofar as the CPA is concerned). That being said, the disclosure for IBanks is....muddy (see here, here, here, and some blame game here), which is not helping matters from an investor standpoint.

ETA: And I am also in the camp that believes this company will not exist in current form in the relatively near future
This post was edited on 8/21/08 at 10:33 pm
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