Scott Rostan, Founder and CEO at Training The Street, joined Cheddar to discuss why he thinks the GameStop bubble will surely burst soon.
https://news.bloombergtax.com/financial-accounting/gamestop-takes-everyone-on-a-wild-ride-except-its-accountants It’s taken over social media, gotten airtime at a White House press conference, and pitted hedge funds against an army of online traders out to bruise them. But there’s one place the saga of GameStop Corp.’s stock price roller coaster ride won’t play out: on GameStop’s financial statements. The fundamentals of the video game […]
https://apnews.com/article/coronavirus-pandemic-initial-public-offerings-287f5495df1e3775030c6b866ed9f552 by DEE-ANN DURBIN Airbnb has raised the price of its shares ahead of its initial public offering this week, betting investors will pay more given its resiliency during the pandemic. In a government filing Monday, Airbnb said it expects to price its shares between $56 and $60 each, up from a range of $44 […]
The main message: If a company can quantify the effects of the pandemic in a reasonable way and make the case that it’s dealing with an unusual situation, it’s OK. But don’t go too far afield, said Robert Rostan, CFO of Training The Street, an accounting education firm.
“So essentially, they’re saying since we haven’t broadcasted their season, we haven’t recognized this expense yet,” said Robert Rostan, chief financial officer at the financial education firm Training the Street.
https://www.bloomberg.com/news/articles/2020-05-21/hertz-runs-into-cash-crunch-after-years-of-management-tumult?sref=Oe6GluQB By Esha Dey May 21, 2020, 5:00 AM EDT Less than three months ago, Hertz Global Holdings Inc. executives were touting a solid fourth-quarter performance and saying they’re entering 2020 in a strong position. Today, they’re managing a crisis that has the company on the brink of bankruptcy, saddled with almost $21 billion of debt […]
https://www.businessinsider.com/finance-summer-internships-outlook-amid-coronavirus-training-the-street-ceo-2020-4 by Rebecca Ungarino Wall Street firms are delaying their internship programs, but they’re not scrapping them entirely, according to Scott Rostan, the chief executive and founder of Training The Street. “The general consensus you’re getting right now is that they’re delaying the start of the intern program by four or five weeks,” and planning […]
https://money.usnews.com/investing/stock-market-news/articles/2020-04-03/how-coronavirus-affects-upcoming-ipos-in-2020 By Matt Whittaker, Contributor April 3, 2020, at 4:29 p.m. THERE’S A PARTICULAR artfulness required for companies that want to raise money by selling shares in an initial public offering. A company must judge whether there is an appetite for it based on its business model, past performance and growth prospects. It also has to gauge […]
https://www.bloomberg.com/news/articles/2019-11-09/public-market-rituals-spell-pain-for-uber-and-beyond-meat-stocks By Drew Singer and Esha Dey November 9, 2019, 7:00 AM EST For newly a public company, two rites of passage loom: its first few earnings reports, and the expiration of its IPO lockup. Twice this month, those events conspired to unleash double-doses of pain for investors. Uber Technologies Inc. plunged 13% over two […]
The prospect of the biggest leveraged buyout in history comes at a precarious time for debt bankers as investors grow increasingly picky in who they’ll lend to and as warnings intensify that corporate borrowing has gotten out of hand. And then there’s the not-so-distant memory of the last time a big pharmacy chain raised a […]