RIVKA ABRAMSON | APRIL 30, 2021 A SPAC, or Special Purpose Acquisition Company, is an entity with no commercial activities, built with the specific purpose of acquiring a company. SPACs are also sometimes called blank check companies. SPACs have seen some serious growth this year. By March 19, SPACs raised $87.9 billion — more than all of last year’s […]
K.C. Southern Morphs From Railroad Also-Ran to $30 Billion Prize By Thomas Black April 21, 2021 In less than a year, Kansas City Southern has transformed from an industry wallflower to the belle of the ball, getting courted by Canada’s two biggest railroads. The U.S. carrier has been a source of takeover speculation for decades. Regulators even […]
CN Rail tops CP with offer of $30-billion for Kansas City Southern ERIC ATKINS PUBLISHED APRIL 20, 2021 Canadian National Railway Co. has topped rival Canadian Pacific Railway Ltd.’s offer for Kansas City Southern , igniting a battle for the Missouri-based railway that would give the victor access to key U.S. and Mexican markets. Montreal-based CN offered US$29.9-billion […]
10 Vital Roles for CFOs February 24, 2021 10 Vital Roles for CFOs To ascend to (and remain in) the office of CFO and be great at the job, you will have to master these responsibilities. Sandra Beckwith If CFOs have learned anything in the past year, it’s that they must be agile and innovative […]
https://apnews.com/article/gamestop-reddit-stocks-update-92a98aa87d88753a1aa52a72b49321c6 February 3, 2021 By ANNE D’INNOCENZIO Follow Anne D’Innocenzio: http://twitter.com/ADInnocenzio NEW YORK (AP) — Behind GameStop’s stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and […]
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.