Week Fourteen DB
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Understanding finance begins by reading reputable articles in newspapers/magazines such as the Wall Street Journal, New York Times, Forbes, Fortune, US News and World Report, and other web based resources.
POST #1 Find an article that interests you and write 3 paragraphs. Your format should be:
INTRODUCTION: Briefly introduce the article (author, date) and the major financial topic it attempts to address (bankruptcy, merger, financial crisis, financial literacy, a specific company).
MAJOR TAKEAWAYS: Discuss the 3-5 points the article made about the financial topic.
CONCLUSION: What did you learn about finance and did the article address the question it posed?
Include APA CITATION at the end of the post.
POST #2 AT LEAST ONE MORE POST: Respond to another person’s post with an article or video reinforcing that post or extending the conversation. For example, you could say “Hi Cathy, I really enjoyed your post on Apple reaching $1 trillion this past week. Thank you for your research. I recently reviewed a short article which walks through the history of Apple’s financial success.Statista.com (Links to an external site.)Links to an external site. reports a wonderful chart on the history of Apple and its successes on the way to $1 trillion. Some analysts actually believe that when Petrochina launched its IPO in 2007, it surpassed the $1 trillion mark then. Thanks! Anne
Citation: Imbert, F. (2018, August 3). The first company to reach $1 trillion in market value got crushed. Retrieved from https://www.msn.com/en-us/money/topstocks/the-firs… (Links to an external site.)Links to an external site..
Find article Try to find something within the last 3 months or so. and Respond to another person’s post
respond to (The article that I choose for this week is titled David’s Bridal is filing for bankruptcy by Nathaniel Meyersohn. It was published on November 19th, 2018 under CNN Business’ website. The article discussed the famous bridal retail shop filling for Chapter 11 bankruptcy protection.
This article contained a lot of interesting information, and also useful when analyzing their decision. The first major takeaway from this article is their reason behind their decision. According to the article, the business “owes between $500 million and $1 billion to creditors.” This is a large amount of money that the company needs to find a way to pay back. As part of the deal, the entity has reached a deal with their lenders to reduce their debt by more than $400 million. This arrangement will allow the company to continue operating their 300 stores. The second major takeaway from this article is the reason they have such a high debt. As stated in 2012 a private equity firm bought David’s Bridal for more than $1 billion. During this transaction, the company had to take on a large sum of debt and could not invest in marketing or other aspects to improve the company as a whole. The last major takeaway from this article is an interesting statistic that also contributed to their bad performance. That is the observation of marriages in the United States. According to the article, “the number of marriages per 1,000 Americans fell from 8.2 in 2000 to 6.9 in 2016.” Thus, if people are not getting married at the same pace, it contributes to the bad performance and inability to meet their sales goals overall in addition the the competition that has grown the past couple of years.
In this article, I learned quite a bit fascinating statistics on Americans and the marriages in the last couple of years. In addition, I learned more information on the company itself, and also I did not know about their filling for this bankruptcy. Thus, I learned more information on how a company could be lead to high debt and ultimately be pushed to file for it. Overall, this was an informative article with useful information to keep in mind when looking at mergers/acquisitions, and also analyzing the industry as a whole.
Citation: Meyersohn, N. (2018, November 19). David’s Bridal is filing for bankruptcy. Retrieved November 20, 2018, from https://www.cnn.com/2018/11/19/business/davids-bridal-wedding-dress-bankruptcy/index.html (Links to an external site.)Links to an external site.
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