Mattress Startup – Casper – filed to go public

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Questions: What paperwork is filed with the SEC to go public? What are some of the eccentric nuggets in Casper’s paperwork? According to Casper, how does the mattress market interface with the sleep economy and the sleep arc and other sleep products and services? Source: Hartmans, A. (2020). The 6 most surprising and unusual takeaways… Read more »

Another IPO in Albertson’s future?

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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 »

The Last Act

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After years of continually beating the market with quarterly revenue targets, Parker H. Petit, CEO of MiMedx Group, Inc., was sued by the SEC for  allegedly engaging in a “wide-ranging fraud” to inflate revenue. Questions: What is the industry type in which MiMedx operates? What were the ways in which the company perpetrated the fraud?… Read more »

Fitbit sale to Google

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According to the New York Times, Google said on Nov. 1 that it is acquiring Fitbit, the maker of fitness-tracking devices, for $2.1 billion to close the gap with Apple in the growing market for wearable electronics and to add muscle to its expanding hardware business. Questions: Why is the deal is likely to face… Read more »

Who will decide the fate of the CFPB?

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Today, according to VOX, the Supreme Court announced that it will hear a lawsuit challenging the leadership structure of the Consumer Financial Protection Bureau (CFPB). Questions: According to the article, who championed the establishment of the CFPB? In general, who leads most federal agencies and who leads most independent agencies by contrast? How is the… Read more »

Bill seeks FASB Required Study

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According to the Wall Street Journal, Representative Luetkemeyer, a Republican from Missouri, introduced a bill on September 27 in Congress requiring the Financial Accounting Standards Board (FASB) to formally study the impact of new accounting standards before finalizing them.  Questions: What Act does the bill seek to apply? What are the three major effects that… Read more »

Nissan and Ghosn Fraud

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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 »

Monte Carlo Simulation

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According to Business Insider, some CEO pay plans are so complicated that a powerful mathematical technique originally developed to understand the behavior of neutrons in an atom bomb explosion is now the most effective way to estimate what they are actually worth. Questions: Where did the inspiration for the Monte Carlo simulation come from (according… Read more »

SEC helps the mom and pop investors

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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 »

Bitcoin Investment Fads

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According to Bloomberg.com, Bitcoin began the week on a down note, declining as much as 8.7 percent and pushing the biggest cryptocurrency’s decline for March to about 25 percent. Questions: 1. Who has confirmed that it will ban Bitcoin offering advertisements? 2. How is the SEC involved with Bitcoin in recent weeks? 3. Why have… Read more »