Description: Bed Bath & Beyond Canada Ltd. was granted an initial order for creditor protection by the Ontario Superior Court of Justice Friday under the Companies’ Creditors Arrangement Act, according to the company acting as the court-appointed monitor for the case. Source: BNNBloomberg.ca – video report Date: Feb 10, 2023 Link: https://www.bnnbloomberg.ca/bed-bath-beyond-canada-granted-creditor-protection-winding-down-1.1882396 Questions for discussion:… Read more »
Posts Categorized: Part 6 Managing Financial Resources
The Manhattan high-rise that shrunk itself down
Description: In 1986, a New York zoning activist made a startling discovery: A newly constructed building was over a dozen floors too high. What followed was one of the strangest outcomes in the history of big-city housing. Source: TheHustle.co Date: Feb 03, 2023 Link: https://link.thehustle.co/view/6336092910af034736048108i4gus.4amh/236068f4 Questions for discussion: What does the article say about the… Read more »
The Great Construction Mystery
Description: Here’s something odd: We’re getting worse at construction. Think of the technology we have today that we didn’t in the 1970s. The new generations of power tools and computer modeling and teleconferencing and advanced machinery and prefab materials and global shipping. You’d think we could build much more, much faster, for less money, than… Read more »
Google Earnings Show Advertising Demand Slowing, Posts Drop In Revenue
Description: Alphabet reported revenue Thursday of $76.05 billion in Q4 2022, up 1% year-over-year, but missing analysts’ expectations by $440 million. Source: Mediapost.com Date: Feb 02, 2023 Link: https://www.mediapost.com/publications/article/382181/google-earnings-show-advertising-demand-slowing-p.html?utm_source=newsletter&utm_medium=email&utm_content=readmore&utm_campaign=129155&hashid=TL8dDnMeSliWuSEzOPtYUA Questions for discussion: Summarize the financial information reported. What is the explanation for the shortfall in expectations? Why would this be considered concerning to investors and the… Read more »
How a Drug Company Made $114 Billion by Gaming the U.S. Patent System
Description: AbbVie for years delayed competition for its blockbuster drug Humira, at the expense of patients and taxpayers. The monopoly is about to end. Source: NYTimes.com Date: Jan 28, 2023 Link: https://www.nytimes.com/2023/01/28/business/humira-abbvie-monopoly.html Questions for discussion: Summarize the issues related to how businesses, governments, insurance companies and consumers are connected to the drug Humira. Is this… Read more »
Intel’s horrible quarter revealed an inventory glut and underused factories
Description: Intel’s December earnings showed significant declines in the company’s sales, profit, gross margin, and outlook, both for the quarter and the full year. Source: CNBC.com Date: Jan 26, 2023 Link: https://www.cnbc.com/2023/01/26/intels-horrible-quarter-inventory-glut-and-underused-factories.html Questions for discussion: What are the key problems at Intel? How did investors react? Do you think these problems will be short-lived? Is this an opportunity… Read more »
Why Florida Makes $20M A Year From Gatorade
Description: The Gatorade shower is a post-game ritual seen from the Sandlot to the Super Bowl. Celebrations aside, Gatorade is the most popular sports drink in the world, bringing in billions of dollars every year to its parent company, PepsiCo. But Pepsi doesn’t get to keep every dollar. Over the last few years, Pepsi has… Read more »
Thoma Bravo agrees to $1.8B deal for Canada’s Magnet Forensics
Description: Thoma Bravo agreed to acquire Canada’s Magnet Forensics Inc. for about $1.8 billion (US$1.3 billion), adding another cybersecurity asset to the private equity firm’s portfolio. Magnet Forensics, which makes digital investigation software, will merge with Grayshift LLC, a company that Thoma Bravo acquired last year, according to a statement Friday, confirming a Bloomberg News report…. Read more »
Annual Silicon Valley Bank Report Paints Sober Picture For Wine
Description: A trend called Neo-Prohibitionism combined with less wine consumption by younger generations has left baby boomers as the wine industry’s sole BFFs. Those are three main takeaways from a sobering analysis of U.S. wine consumption by the wine division of Silicon Valley Bank (SVB). Source: Mediapost.com Date: Jan 19, 2023 Link: https://www.mediapost.com/publications/article/381730/annual-silicon-valley-bank-report-paints-sober-pic.html?utm_source=newsletter&utm_medium=email&utm_content=headline&utm_campaign=129003&hashid=7T9TCmQZSDGbnu-424RuBQ Questions for… Read more »
Retail Woes Can Even Catch Up With Lululemon
Description: Lululemon, one of the few brands that has seemed immune to consumer cutbacks, surprised observers by lowering its profit forecast. While fourth-quarter sales have been strong so far, people gravitated toward its sale items, pinching the bottom line. Source: MediaPost.com Date: Jan 10, 2023 Link: https://www.mediapost.com/publications/article/381420/retail-woes-can-even-catch-up-with-lululemon.html?utm_source=newsletter&utm_medium=email&utm_content=headline&utm_campaign=128890&hashid=7T9TCmQZSDGbnu-424RuBQ Questions for discussion: What are the concerns about… Read more »
