News & Blog - Training The Street

07 Dec

AP News: Scott Rostan in Airbnb hikes share price ahead of expected IPO this week

May 11, 2023
By Training The Street

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...

16 Oct

Bloomberg

Bloomberg Tax: Robert Rostan in Unusual Accounting Expenses ‘Not So Unusual’ as Virus Wears On

May 11, 2023
By Training The Street

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.

06 Aug

News

NPR’s Marketplace: Robert Rostan in Accounting in the COVID era is more subjective than ever

May 11, 2023
By Training The Street

“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.

01 Jun

TTS Blogs

HERTZ: 0-60 IN 100 YEARS. 60-0 IN 0.5

May 11, 2023
By Training The Street

The following three statements are all true: In November 2019, Hertz went out to investors asking for $750M. Investors, impressed with what they saw, gave the company $900M instead. In April 2020, four billion dollars of Hertz's debt was rated triple-A, the same rating that the US government gets for...

21 May

News, Bloomberg

Bloomberg: Robert Rostan in Hertz Runs Into Cash Crunch After Years of Management Tumult

May 11, 2023
By 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 and...

18 May

TTS Blogs

Neiman Marcus’ Last Call

May 11, 2023
By Training The Street

Neiman Marcus and J. Crew are the latest to join a list of growing retailers filing for bankruptcy and they both have something in common – enormous debt burdens from leveraged buyouts led by private equity firms. As the government rolls out trillions of dollars in stimulus funds, a push by...

22 Apr

Business Insider

Business Insider: The CEO of a firm that trains 30,000 bankers each year explains how Wall Street is gearing up for virtual summer internships

May 11, 2023
By Training The Street

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,"...

21 Apr

TTS Blogs

Excel Mishaps: Why It Pays to Have Excel OCD

May 11, 2023
By Training The Street

Marks and Spencer - When they announced that sales had risen in the quarter but they had, in fact, fallen; mistake due to... an Excel summing error. JPMorgan Chase - When they had $6.2bn in trading losses in 2012 (the “London Whale” incident) due to... an Excel error. Fidelity’s Magellan...

03 Apr

News

US News and World Report: Scott Rostan in How Coronavirus Affects Upcoming IPOs in 2020

May 11, 2023
By Training The Street

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...

16 Feb

TTS Blogs

Kraft: A fallen angel

August 15, 2023
By Training The Street

Last week, Kraft Heinz bonds were downgraded to junk status, making it one of the largest “fallen angels” to enter the junk-bond market since 2005! Here are some key points… What is a “fallen angel”? A company that gets downgraded and loses its investment grade rating. What is the impact...

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