Category Archives: Uncategorized

A Review of the Markopolos Report on General Electric

On August 15, 2019, Harry Markopolos, who gained fame as the person who exposed the fraud perpetrated by Bernie Madoff, released a 175-page report entitled “General Electric, A Bigger Fraud Than Enron.” GE’s stock fell 11.3% on the day; but … Continue reading

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A Reset for Senior Housing Properties Trust

In response to the financial difficulties of its primary tenant, Five Star Senior Living (FVE), Senior Housing Properties Trust (SNH) has been forced to negotiate a change in the structure of their business relationship.  Specifically, SNH has agreed to cancel … Continue reading

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A Solid First Half for Housing and the Builders

A typical analysis from policy makers, like the Federal Reserve, points out that activity in the housing market has declined so far this year; but that assertion focuses primarily on housing starts.   A more complete picture from the national data … Continue reading

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An Update on Bed Bath & Beyond

Shares of Bed Bath & Beyond have sold off sharply in recent weeks, but the stock is exceptionally cheap vs. its peers. If new leadership can accelerate the company’s transformation plan successfully, the shares have significant upside potential. The article explores both risks and opportunities for Bed Bath & Beyond as it enters the next phase of its transformation plan. Continue reading

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Bed Bath & Beyond’s Next Generation Lab Store

A tour (with pictures) of the Bed Bath & Beyond East Hanover store. Continue reading

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Verizon (VZ) 18Q1 Results

Verizon reported 18Q1 GAAP earnings of $1.22 per share, better than last year’s $1.11.  Non-GAAP adjusted EPS of $1.20 were also up from $1.17 last year.  This year’s GAAP results benefited from a $0.02 gain on a pension adjustment related … Continue reading

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Cloud Peak Energy: Valuable Assets But Little Income

On January 29, Cloud Peak Energy (“CPE”) announced that it had hired a team of professionals to help it review its capital structure and formulate restructuring alternatives. That followed its announcement last November that it was pursuing strategic alternatives, including … Continue reading

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Notes and Observations from the MIT CFO Forum

This year’s forum, held on November 15, was the seventeenth in the series.  It kicked off with Co-Chairman Jeremy Seidman highlighting the planning process for the event.  Each year, about a month after the current forum, Mr. Seidman, Co-Chair Jack … Continue reading

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