The Secured Lender back issues from January 2005:
Turnarounds & Workouts: What's the Forecast?
Jan 01, 2005; ... Clearly, the trend of large company insolvencies that started in 1999 has come and gone. Most of us in the turnaround industry expect the next few years to have much slimmer "pickins." Industry insiders recognize that 1) big company bankruptcies, which drive the turnaround industry, are ...
AUDIT RISK
Jan 01, 2005; ... Thanks to the high-profile scandals of the last few years, we now have a number of initiatives to try and prevent similar abuses. We have new governance issues, internal control requirements, and reporting requirements under Sarbanes-Oxley. We have the formation and implementation of the new ...
TALES FROM THE CLASSROOM
Jan 01, 2005; ... A half-century of college teaching brings to mind examples of unusual students and situations I've faced. Some may remind you of your own educational experiences and give you a little better perspective on the classroom lives of your children. College classrooms are not the fun they used ...
Optimism Marks Sixtieth Anniversary CFA Convention
Jan 01, 2005; ... The 60th anniversary convention of the Commercial Finance Association was an upbeat affair from start to finish. Held in Philadelphia, the City of Brotherly Love, and just following the re-election of Republican President George W. Bush, business appeared to have no way to go but ...
Close the Gap Between Risk and Reward
Jan 01, 2005; ... The scenario: You recently had a discussion with a longstanding customer about the significant growth trend of the customer's company. The company's current capital tructurc would not support the cash-flow requirements caused by growth. Conseucntly, you were asked to increase the existing ...
Hey, Dad
Jan 01, 2005; ... Dad gets to the Bottom of the high price of gasoline, but his conclusion won't make anyone feel better Hey, Dad, what's going on with gasoline prices? They seem to be going through the roof. Isn't there anything we can do to put a lid on it?" "Sure, Son, there's a lot of things ...
State and Local Taxes: A Threat to Collateral?
Jan 01, 2005; ... As lenders you surely know the effect of tax liens m your collateral. These nasty hidden liabilities can crop up at any time, usually when little margin exists between collateral and the amount of your loan. You usually get borrower representations that it is not aware of any outstanding tax ...
AOL releases 9.0
Jan 01, 2005; ... With the release of America Online's 9.0 security Edition, it marks the company's first version to focus specifically on safety and security. The new version is beneficial for people who use a basic high-speed Internet connection with bundled features that include virus protection, spyware ...
Among CFA Members
Jan 01, 2005; ... BBK: William Wexler has joined as principal and head of the company's National Corporate Advisory Group and will be based in New York. Bridge Healthcare Finance: Kevin Hickory was appointed to the newly created position of director of marketing. He will be based in the company's ...
JACK HOEKSTRA
Jan 01, 2005; ... New CFA President, Managed a Long and Successful Career in Asset-Based Lending Without Ever Leaving Home Jack R. Hoekstra, the new president of the Commercial Finance Association, has spent about 35 years in isset-based lending with organizations headquartered from California to New ...
THE Leadership INSTITUTE
Jan 01, 2005; ... COMMERCIAL FINANCE ASSOCIATION The CFA Leadership Institute will meet February 28 - March 2 in the Atlanta area. The Institute covers a broad range of critical competencies required for successful management in all sizes and types of lending organizations including: change management, ...
CFA Chapter News
Jan 01, 2005; ... To obtain the latest information on CFA chapter events, visit www.cfa.com/Chapters/chapters_schedule.htm. Baltimore On December 15, the Chapter held a holiday party in conjunction with the TMA at the Maryland Club. New officers for 2005 are: chairperson, Kevin Copenspire, LaSaIIe ...
Valuing Intellectual Property in Distressed Situations: Brand Appraisals
Jan 01, 2005; ... As the secured lending market becomes more competitive and more lenders stretch down the Dalance sheet, assets traditionally considered 'boot collateral" are being included in assetbased formulas, or at the very least, being valued more specifically. While liquidation appraisals for inventory ...
CFA Forum
Jan 01, 2005; ... With China's manufacturing sector growing more influential, do you foresee making deals with Chinese-owned or -linked businesses? Mike Semanco, president and chief operating officer, Hennessey Capital, Huntington Woods, MI We are seeing clients, particularly in retail and ...
Lessons Learned
Jan 01, 2005; ... This keynote address was delivered on November 4, 2004 in Philadelphia during CFA's Convention. It's a CFA tradition that the retiring chairman gives the keynote iddress and as I think back over the many speeches I have listened to as a member of the audience, I am reminded of all the ...
OVERNIGHT SENSATION: GETTING MAXIMUM EXPOSURE FOR YOUR PRESS RELEASE ON THE WEB
Jan 01, 2005; ... While getting a press release noticed on the Web sometimes seems tougher than staying married to Jinnifer Lopez, insiders say that with the right technkques, a company can catapul t its press releases to the ibrelront of media attention, and run circles around its competition. B.L ....
Surge in online ads
Jan 01, 2005; ... Advertisers are seeing that the top three leading portals, AOL, MSN and Yahoo, attract 70 percent of the Americans online monthly, according to comScore Networks, a traffic-tracking organization. Demand for prime advertising space is so strong that there is not enough to go around and prices are ...
Summary of Significant Judicial Developments Affecting Secured Financing 2003-2004: Part One
Jan 01, 2005; ... Attachment/Perfection Biase v. Congress Fin. Corp. (In re Tops Appliance City, Inc.), 372 F.3d 510 (3d Cir. 2004) (Borrower's collateral assignment to lender of its right to receive proceeds from the sale of leaseholds constituted the transfer of a contract right under the UCC and not ...
Internet tax ban reinstated by Congress
Jan 01, 2005; ... U.S. House and Senate negotiators have reached an agreement on a four-year extension of the expired federal moratorium on Internet taxes. The ban had lapsed a year ago, but lawmakers had difficulty on how best to address it. The ban affects only Internet services, not purchases, blocking ...
CFA Education
Jan 01, 2005; ... The Workouts and Bankruptcy Workshop will meet February 9-11. The Workshop's goal is to provide lenders with the resources to make prudent decisions and to adopt proper procedures in distressed situations. Topics include Consensual Workouts In and Out of Bankruptcy, Adversarial Bankruptcy ...
Spotlight on CFA Members
Jan 01, 2005; ... In an effort to get to know CFA members better, THE SECURED LENDER interviewed Shelley Kaye, vice president of Rosenthal Business Credit, about his love of sailing. If you or anyone you know has an interesting hobby, please contact Michele Ocejo at 212-594-3490 or ...
CFA Chapter Roundtable
Jan 01, 2005; ... How would you like to see your chapter grow in the coining year? Steven Gold, Atlanta Chapter president; president, Allied Financial Corp., Atlanta, GA We are fortunate to have one of the largest chapters in the CFA, but it is important to us to keep in mind that with other ...
Comments and Quotes
Jan 01, 2005; ... The following comments are chosen to amuse, stimulate and arouse our readers. In keeping with the column's theme, I would like to quote John Bartlett, from his book of Familiar Quotations, "The object of this work is to show, to some extent, the obligations our language owes to various authors ...
INDUSTRY DEALS
Jan 01, 2005; ... BackBay Capital Funding LLC provided a $40 million, four-year junior secured facility to carpet and rug manufacturer Beaulieu Group, LLC, in conjunction with a $260 million senior credit facility; a $35 million, four-year termjunior secured facility to Falcon Products, in conjunction with a $40 ...