How could one justify paying $8 billion for Kohls, which has a market value of $1.5 billion? What do the potential new owners see?
What do you think is the probability that 600 SPACs will be able to find a target and close the deal before “time’s up”? What happens at that point? What is “capital at risk”?
Here’s another on buybacks. Good article about Penske forgoing acquisitions (too expensive) and returning excess cash. Also good video giving historical perspective on buybacks.
More writedowns from “Grand Theft Aero”. What’s the entry if the airplanes are insured? What if it is not probable that the insurance will cover the loss?
Why do you think these particular impairments will be hard to estimate? What are some of the factors that go into the calculation?
Do you agree with the FASB’s reasoning to drop separate lender accounting for troubled debt restructurings?
What is your opinion? Should private companies be forced by the SEC to disclose financial information?
Companies continue aggressive repurchases and dividends. If you were CEO, why would you want to do this? If you were a policy maker/politician, what would be your reaction?
How much of a real difference do you think the changes at GS will make for younger bankers (analysts and associates)? Why are they making the changes?
