Paradigm - September 2017
Patrick Kendall's Point of View: Healthcare entities should be aware of antitrust issues when they execute a transaction. Small deals aren't immune from scrutiny. For example, the Federal Trade Commission and the North Dakota attorney general are challenging a North Dakota health system's acquisition of a medical clinic, even though the clinic and the deal are relatively small.
Lexology, July 2017
James Lukenda's Point of View: The new accounting standards for leased assets (codified in ASC 842 and IFRS 16) take effect for public companies in 2019 and private companies in 2020. A recent study by CBRE and PwC found that only 23% of more than 600 finance executives reported their companies have begun to adopt them. Companies in distress may be so focused on immediate cash flow that they put financial reporting on the back burner. The new standards should be a priority, though, because they're expected to significantly affect company balance sheets, covenant reporting and other lender matters.
CFO.com, June 2017
Ray Anderson's Point of View: Amazon's impact is rippling beyond retail, through several industries, as evidenced by a recent earnings release and reduced forward guidance from communications services company WPP. CEO Martin Sorrell cited the Amazon effect and activist investors as the reasons for WPP's substantially reduced sales forecast, which led to a plunge in the company's share value. Disruption caused by Amazon is likely to spread to other sectors and subsectors.
Bloomberg Gadfly, August 2017
OIL & GAS
Dennis Ulak's Point of View: Oil and gas companies have focused on achieving higher productivity per well and lower cost structures ever since prices crashed in 2014. Productivity may have improved mostly from a high grading of drillable acreage inventoy. Simply put, companies are drilling their best locations. As companies run out of their best acreage, they must scrutinize all cost components of their operation and implement truly structural cost improvements.
Oil & Gas 360, July 2017