http://www.footnoted.com/subprime-mess/wyndham-warns-on-subprime-immigration/ Morningstar's guide to what's hiding in SEC filings Fri, 10 Feb 2012 20:24:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.footnoted.com/subprime-mess/wyndham-warns-on-subprime-immigration/comment-page-1/#comment-4695 David Sachs Wed, 05 Mar 2008 23:37:15 +0000 http://www.footnoted.com/subprime-mess/wyndham-warns-on-subprime-immigration/#comment-4695 The latest EDGAR search term seems to be "auction rate securities" (see JBLU) to locate companies whose Cash + ST Inv are actually in illiquid ARS. One wonders how much extra "oomph" the incremental returns added to income over the past couple years vs. the risk that companies were silently taking. (If it was a lot, that's a problem, as it's non-core; if it was a little, what was the point of taking that kind of risk?) The latest EDGAR search term seems to be “auction rate securities” (see JBLU) to locate companies whose Cash + ST Inv are actually in illiquid ARS. One wonders how much extra “oomph” the incremental returns added to income over the past couple years vs. the risk that companies were silently taking. (If it was a lot, that’s a problem, as it’s non-core; if it was a little, what was the point of taking that kind of risk?)

]]>