According to the New York Times, executives at Volkswagen made a commitment to electric vehicles that now is paying off after the diesel scandal five years ago. Questions: According to the article, what is the ID.4 and when will it be available to customers? Why did the article say that Volkswagen’s entrance into the electric… Read more »
Posts Tagged: investors
GE owes $200 Million fine
According to Accounting today, General Electric Co. was fined $200 million for allegedly misleading investors about the finances of its gas-power unit, as well as a run-off insurance business. Questions: According to the article, what did GE fail to explain to its shareholders? What is GE required to report for the first year to the… Read more »
Next Time Wear a Cold Water Wetsuit
According to CBS, Sacramento, a fleeing Ponzi scheme suspect is now in custody after a daring escape on a submersible scooter from FBI agents. Questions Who is the subject and what is alleged? Where did this take place? How long had the subject been under FBI surveillance? What is the sentence that the subject faces?… Read more »
Hedge Funds Feed off of the Troubles at Malls
According to the New York Times, as the COVID pandemic accelerates the demise of some brick-and-mortar retailers, hedge fund investors profit handsomely. Questions: Who was Catie McKee, hedge fund analyst talking to last October about her investment strategy? How much did the investor(s) make for the trade within Ms. McKee’s firm that more than doubled… Read more »
Trouble in Movie Theater Land
Many on Wall Street are betting against AMC Entertainment. Its stock has plunged 75%, erasing nearly $3 billion in market cap. Questions: What factors are hurting AMC sales numbers? Over what period has AMC the drop in sales? What has happened to the theater chain’s free cash flow and debt? Source: Sullivan, C. and A…. Read more »
Another IPO in Albertson’s future?
After failing multiple times to go public, Albertsons’ grocery chain is launching an IPO valued at around $19 billion. Questions: When did Albertsons previously try to go public? Who is Albertsons’ private equity investor and how long have they been invested in Albertsons? How much is Albertsons’ net debt, excluding leases? Why didn’t Albertsons’ merger… Read more »
Exxon Fraud Case Begins
According to The Earth Island Journal, New York prosecutors working for then-Attorney General Eric Schneiderman issued their first subpoenas in 2015 to Exxon, claiming that the oil giant used two sets of books and misled investors by downplaying the potential costs of carbon emissions. Next week, the case is actually coming to trial. Questions: Is… Read more »
Nissan and Ghosn Fraud
According to the Washington Post, Nissan will pay $15 million, and former chairman Carlos Ghosn will pay $1 million to settle allegations by U.S. regulators that they hid more than $140 million of Ghosn’s retirement benefits from investors. Questions: How long was Ghosn CEO of Nissan? What punishment did the SEC impose on Ghosn? Was it for hiding… Read more »
SEC helps the mom and pop investors
According to Business Insider, the Securities and Exchange Commission is stepping up scrutiny of mutual fund investments in private companies, according to people with knowledge of the agency’s interest. Questions: What has been the problem with mutual funds investing in companies like Airbnb or WeWork? Which case is notorious for spiking the SEC’s interest in… Read more »
Dead or Alive?
According to Bloomberg and Goldman Sachs Group Inc.’s global head of investment research, the tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse. Questions: 1. What are some of the signs that Steve Strongin notes about cryptocurrencies that worry him? 2. What was Strongin… Read more »