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 […]
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 authorities are focusing on […]
By Erik Sherman We Company, parent of shared office space provider WeWork, has an image problem that has become trickier since it filed paperwork for an IPO. And its recent efforts to control the conversation may not be working. We wants to be a tech company and get the large-multiple-of-revenue valuations such businesses get. Its last private investment […]
Things are looking up in the eyes of MBA Graduates. According to a recent survey from Training The Street, nearly 75 percent of MBA grads are more optimistic about finding a job this year. But 56 percent said their ability to pay off student loans could influence the type of job they actually accept. We […]