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Cheddar TV: Scott Rostan in What History Tells Us About How The GameStop Frenzy Will End

Scott Rostan, Founder and CEO at Training The Street, joined Cheddar to discuss why he thinks the GameStop bubble will surely burst soon.

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Bloomberg Tax: Robert Rostan in GameStop Takes Everyone on a Wild Ride, Except Its Accountants

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 […]

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

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 […]

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

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.

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

“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.

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

  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 its debt. Triple-A is […]

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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 […]

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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 the private equity […]

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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,” and planning […]

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Excel Mishaps: Why It Pays to Have Excel OCD

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 fund team – When they miscalculated […]

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