Author: Walter Simson

The Turnaround Assessment Test

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In 1968, Edward I. Altman formulated a simple, path-breaking scoring mechanism that could predict, with high confidence, the probability that any one corporation would enter bankruptcy within two years. He called the mechanism the Z score and, by publishing in academic journals, allowed it to enter the public domain. It has been, for many years, one of the most-studied […]

What Year is This? …Now Answered

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Here is a reprise of my In Business post of February, 2011, where I compared our current economy to the 1930’s.  We now know the answer to the question.  We are replaying 1937, the year the economy re-entered recession.   Even though the news is depressing, I encourage you to enjoy! In 1939, my grandfather’s […]

Summer Shorts

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This week I had hoped to be on a beach. Not sure if that’s going to happen, but here are two beach-appropriate short reads. Please consume while wearing flip-flops:   I. Capping CAPM A Google search on the Capital Asset Pricing Model returns over 1.2 million hits. This model, taught in finance courses as “Cap-em,” indicates that […]

Curried Interest Two

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The current debate on tax policy has been placing too little emphasis on the corrosive role of bought-and-paid for loopholes.  Here is a reprise of an article I wrote for my blog for In business Magazine (www.ibmadison.com/madmgmt) in June, 2010, on the especially egregious, so-called Carried Interest exemption: A recent article in the Wall Street Journal was […]

The Guaranteed Middle Market Employment Stimulus Plan

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Further stimulus of the economy is required. The 9.2% national unemployment rate, leaving 14 million able workers at home, demands it. But there is no appetite to revive the Obama administration’s fiscal stimulus, which apparently intended to give states block grants to keep doing what they were doing, or to provide nimble political ear-markers with […]

The Hole of Wit–Again

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Following the events of Tucson on Saturday, I thought I would reprise a previous post: The Hole of Wit May 4, 2010 Let’s talk about the state of our national dialogue, which has become increasingly strident, with name-calling, character assaults and thoughtless throw-offs the standard of the day. It is tiresome stuff. In bars perhaps […]

LAX Attacks!

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One of the citizens of Fond du Lac, Wis., King C. Gillette, spent years perfecting a disposable steel razor. His famous adage was to give out razors — and sell razor blades. I think there are more efficient ways of barbering the consumer so that he hardly feels the blade. For example, imagine an item […]

Intern-ist

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My son has a great manufacturing internship. He really enjoys it. In many ways, he is living the life that his Wisconsin schooling prepared him for. He sent out four e-mails requesting a spot, and got an offer after a few weeks. The family-owned company that made the offer is doing well, so they agreed […]

What it REALLY Takes to Turn a Business Around

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I have been doing turnarounds for over twenty five years, and along the way, I’ve accumulated certain prejudices about what types of businesses are easiest to fix. Wholesale distribution and retail/restaurant chains are among my favorites, because there are usually enough profitable parts of the business — a core product or very profitable locations — […]

What it Really Takes to Turn a Business Around

Posted by
| Comments Off on What it Really Takes to Turn a Business Around

I have been doing turnarounds for over twenty five years, and along the way, I’ve accumulated certain prejudices about what types of businesses are easiest to fix. Wholesale distribution and retail/restaurant chains are among my favorites, because there are usually enough profitable parts of the business — a core product or very profitable locations — […]

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