Tag: COVID

Companies Are Recruiting CFOs with Operating Experience to Mitigate COVID Uncertainty

Companies Are Recruiting CFOs with Operating Experience to Mitigate COVID Uncertainty

COVID's negative impact on commerce and the general economy will be felt for some time. 3M (tkr: MMM) is not the only company to hire a new CFO with operating experience in an effort to mitigate the operational uncertainties of COVID. One may believe that all CFOs are operators. Think again. “His (3M's new CFO), … Continue reading Companies Are Recruiting CFOs with Operating Experience to Mitigate COVID Uncertainty

Earnings Summary: A Rational Approach To “Guidance”

Earnings Summary: A Rational Approach To “Guidance”

We were recently critical of companies that decided to completely withdraw their financial outlook given the economic uncertainty that has resulted from the ongoing COVID virus. The good news is that a number of companies are providing financial outlooks, albeit they are taking a conservative approach (which is entirely logical from our perspective). We reviewed … Continue reading Earnings Summary: A Rational Approach To “Guidance”

Expect More SMB Failures Despite Latest $310B SBA Relief

Expect More SMB Failures Despite Latest $310B SBA Relief

Congress will vote on a $484 Billion stimulus plan later this week which includes $250 Billion for the Paycheck Protection Program ("PPP") and $60 Billion for the SBA's Disaster Relief Fund. Congress and the Trump administration are racing to approve this stimulus package. The speed to execute this stimulus is driven by the fact that … Continue reading Expect More SMB Failures Despite Latest $310B SBA Relief

Layoffs Have Extended Beyond Hotels and Restaurants

Layoffs Have Extended Beyond Hotels and Restaurants

Layoffs are not only taking place across the retail, restaurant, travel and hospitality industries. A number of other industries including the Technology industry have absorbed their fair share of layoffs as well. Some early-stage Technology companies are conserving cash by replacing cash compensation with equity. The list below includes approximately 60 companies (primarily Tech companies) … Continue reading Layoffs Have Extended Beyond Hotels and Restaurants

Investors: Sharpen Your Pencils!

Investors: Sharpen Your Pencils!

The macro trade where stocks fell in unison in late March only to recover in unison in early April is doomed to fail. We will re-test market lows. A staggered economic recovery will require that investors identify "winning" stocks coming out of the downturn and avoid "value traps". Life is about who you choose to … Continue reading Investors: Sharpen Your Pencils!

America’s Three Phased Approach For Reopening

America’s Three Phased Approach For Reopening

It is difficult to imagine the U.S. or global economies quickly gaining steam given the "Three Phased Approach" that the U.S. is taking to reopen the economy. We provide a link to the Whitehouse document below. We plan to cover the COVID tracking apps that Apple, Google and others in the private sector have proposed … Continue reading America’s Three Phased Approach For Reopening

A COVID-19 Vaccine Is Required To Restore Full Public Confidence

A COVID-19 Vaccine Is Required To Restore Full Public Confidence

A COVID-19 vaccine is required to restore public confidence. Public confidence is required to kick start the global economy on its path to normal productivity levels. Similarly, the equity and credit markets will require public confidence and a healthy economy to return to sustainable growth. The COVID vaccine must be in production and readily available … Continue reading A COVID-19 Vaccine Is Required To Restore Full Public Confidence