21 May
News, Bloomberg

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

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...

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Neiman Marcus
18 May
TTS Blogs

Neiman Marcus’ Last Call

  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...

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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

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,"...

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03 Apr
News

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

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...

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Kraft: A fallen angel
16 Feb
TTS Blogs

Kraft: A fallen angel

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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09 Nov
News, Bloomberg

Bloomberg: Rahul Bhatia in Public Market Rituals Spell Pain for Uber and Beyond Meat Stocks

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...

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04 Nov
Bloomberg

NPR Marketplace: Robert Rostan in Under Armour investigation focuses on “revenue recognition.” What’s that?

By Marielle Segarra The sportswear company Under Armour on Monday confirmed federal officials have been looking into its accounting practices for more than two years. Under Armour says it hasn’t done anything wrong. The Wall Street Journal, which broke the news, said the probe includes both criminal and civil investigations and that...

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