by Tim Delaney | Feb 29, 2016
Citigroup analysts are calling the effect of falling oil prices on global financial markets “oilmegaddon.” We think the term works well to describe looming cash flow, dividend, and credit problems at major oil companies too. After peaking at $60.07 in June of 2015,...
by Tim Delaney | Sep 14, 2015
Tesco just agreed to sell its South Korean operations for £4 billion, taking a loss of about £150 million on the sale. The deal will reduce borrowings by £4.2 billion over the next 18 months. That’s a step in the right direction, but it’s not enough. Tesco may also...
by Tim Delaney | Feb 22, 2015
Credit risk at Tesco Tesco disclosed details of its turnaround plan on January 8. The company was clear about its business problem — loss of share and profitability in the UK. And it was specific about the steps it is taking to tackle that problem — price cuts, store...
by Tim Delaney | Feb 2, 2015
On January 8 Tesco announced more details of its plan to improve its competitive position in the UK, revive its profitability, and bolster its finances. It’s going to cut prices on popular brands, trim £250 million in operating costs, limit capital spending, stop the...
by fintrain | Apr 10, 2014
Private Equity Funds often target companies with strong brand names in mature industries. These companies often have strong, stable cash flows, which can be used to repay the acquisition debt. Two transactions, both announced in February 2013, demonstrate this...
