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Opinions and views from expert CFOZone members.

Tag >> Cash
Nov 15
2010

More companies adopt pills to protect NOLs

Posted by Stephen Taub in shareholder rights planpoison pillNOLsnet operating loss carryforwardsInternal Revenue ServiceDelaware Supreme CourtcomplianceCash

Stephen Taub

Beazer Homes is the latest company to institute a poison pill to protect its valuable deferred tax losses.

The home builder Monday said it adopted what is known as a Section 382 stockholder rights plan, which is designed to preserve the value of certain deferred tax assets primarily associated with net operating loss carryforwards under Section 382 of the Internal Revenue Code.

Nov 14
2010

Asian companies build up war chest

Posted by nicklord in DealsCash

nicklord


A new report by Moody's out today shows that companies in Asia have amassed $230 billion in cash over the past 18 months. According to the report, this amount will be used for expansion, liquidity and acquisitions.

While the total amount is less than the $1.2 trillion built up by US corporates, on a per company basis, Asian companies are hoarding twice as much cash as their US peers. And this sample does not include companies from Japan and Australia who have been doubly blessed by the rapid strengthening of both countries' currencies.

Nov 12
2010

How to slash costs at the US Postal Service

Posted by Stephen Taub in US Postal Serviceretiree healthcarerestructuringcost cuttingCash

Stephen Taub

If a company determined it would lose $8.5 billion in the current year, more than it had previously expected, due to lower volume of business, what would it do?

Close plants or warehouses, fire employees and orchestrate a major restructuring.

Nov 11
2010

Women entrepreneurs showcase their talents

Posted by dbedell in venture capitalstartupssilicon valleyFinanceCashCareers/Management

dbedell

This will be quite a week for women entrepreneurs. Not only is the first-ever gathering of East coast-West coast women entrepreneurs—and potential start-up investors—happening in Silicon Valley, but there are also events worldwide for women—and men—during Global Entrepreneurship Week.

Such events are critical for encouraging women to seek out financing and partnerships for growing their small businesses or business ideas.

Nov 11
2010

Serial corporate defaulters

Posted by Stephen Taub in Standard & Poor'sRiskdefault ratedefaultCash

Stephen Taub

What are the chances that a company that has defaulted on its debt defaults for a second time?

Not very high.

Nov 10
2010

Employers open to giving raises

Posted by Stephen Taub in raisespayCashCareers/ManagementCareerBuilder

Stephen Taub

Raises are starting to make a comeback.

Reports Wednesday that Google plans to give a 10 percent pay raise to all of its 23,000 employees in January reflects a wider trend. According to a new survey from CareerBuilder, 31 percent of employers said they are willing to negotiate 2011 salary increases with current employees even though the job market is still very tight and companies are still not exactly staffing up aggressively.

Nov 10
2010

Cut costs with prepaid payroll cards

Posted by dbedell in prepaid cardspayrollDodd Frank Actdebit cardsCash

dbedell

Companies are increasingly looking to alternative solutions to reduce costs associated with both internal and external payments.

Prepaid payroll cards are one option that businesses can use to streamline and help automate payroll processes, pay employees faster—thus making for happier staff—and significantly reduce costs and staffing resources dedicated to payroll management.

Nov 10
2010

Taiwan shows growth ahead

Posted by nicklord in RiskCash

nicklord

 

Six months ago I wrote a piece for this site saying why Taiwanese economic data is highly predictive of how the global economy is set to perform. The premise was that Taiwan is plugged into global trading patterns to such an extent that significant changes in its economic data tend to foreshadow changes to the global outlook by two to three months.
 
Six months ago, I wrote that a slow down in domestic industrial production could herald a slow down in the global economy. I was right. The summer months did see a global economic skid, due to worries over a double dip recession and government austerity measures.
 
The latest numbers from Taiwan, however, now suggest brighter times ahead. On Monday the country released its October export data figures, which make pleasant reading. Overall, exports in October were up 21.9 percent over October 2009. This handily beat consensus forecasts of a growth of 15.8 percent. Moreover, the rate of growth of exports increased rapidly, from 17.5 percent in September.
 
The two areas that showed the sharpest growth were electronics and exports to the US. The country exported electronics worth some $7.25 billion, a growth of nearly 25 percent over the previous October. That figure is also a record in dollar amounts.
 
Exports to the US reached $2.89 billion, a 35 percent increase on the previous October. The US continues to be Taiwan's fastest growing export market, even if in terms of volume exports to China are larger.
 
Much of this growth can be explained by the ongoing demand for Apple products in the US. Many of the components that go into Apple gadgets are manufactured in Taiwan. But it does not explain it all.
 
Given that October is traditionally the time of year when retailers start stacking the shelves for the holiday season, this sharp increase in exports from Taiwan suggests that US retailers are expecting a very strong winter season. That should bring good cheer to all.

Nov 09
2010

Big decline in new bankruptcy filings

Posted by Stephen Taub in Chapter 7Chapter 11Cashbond insurerBankruptcyData.combankruptcy

Stephen Taub

Ambac Financial Group's bankruptcy filing on Monday is a stark reminder of the ills of the financial meltdown.

The municipal bond insurer was doing just fine in what seemed to be a boring, mundane business, until it decided to branch out and insure the risky mortgages that played a major role in brining on the worst recession since the Great Depression.

Nov 09
2010

Low spreads cause raft of corporate issuance

Posted by dbedell in Wal-MartrefinanceeBaydebtDealsCoca ColaCash

dbedell

US companies are again taking advantage of low interest rates to issue debt and further build up coffers. The latest companies to join the march to the debt markets are Johnson & Johnson, Coca Cola and Wal-Mart, as the New York Times reported this week. They follow eBay, Microsoft and PepsiCo, who all came to market with low-coupon issues last month.

However, whether this will be used to fuel increased M&A or will simply sit on balance sheets remains to be seen.

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