Warrington in the News Articles: page 26

The SPAC boom is officially a thing of the past.

“I think that was a once-in-a-lifetime experience just like during the internet bubble,” said Cordell Eminent Scholar Jay Ritter. “A year ago, the whole market was overpaying and now we have a reset. Giving a valuation of $500 million on a zero revenue company … those days are gone.”

Sometimes, says Cordell Eminent Scholar Jay Ritter, rather than cutting back on big purchases during periods of high inflation, we actually end up spending more. In a way, he says, we’re trying to “lock in” prices now on these long-desired items.

While diminishing these U.S. companies and making them and their customers more vulnerable to foreign manipulation, the legislation would likely leave state-affected Chinese and Russian technology platforms untouched, argues Mark Jamison, Public Utility Research Center Director and Gunter Professor.

AMC outlined plans this month to issue a special dividend, sending its shares soaring and stoking enthusiasm among the company’s passionate base of individual investors. Cordell Eminent Scholar Jay Ritter shares his expert opinion on AMC’s plan.

U.S. Gross Domestic Product (GDP) shrank for the second quarter in a row marking the beginning of a recession, however, Assistant Professor Gustavo Cortes explains the economic situation is mixed.

“We have good news, we have bad news, all at the same time,” said Cortes, who has a doctorate in economics. “The bad news for example… the GDP numbers were released. We had another decline this time close to one percentage point. At the same time, you also have good news on the labor market side.”

In this episode of Forecasting Impact, Clinical Professor and Director of the Business Analytics and AI Center Jim Hoover shares some of his experiences in the U.S. Navy where he worked in several decision-making roles and used forecasting/operation research tools for over two decades.

Hoover emphasizes the importance of open source software development and calls for academic cooperation on building an open access platform for sharing the best forecasting practices with industry practitioners and SMEs. He also shares his thoughts on bridging the gaps between industry and academia.

As an IPO during the go-go year of 2020 for SPACs, Ackman’s Pershing Square Tontine Holdings ran up against a two-year deal deadline facing many SPACs. Blank check companies, or SPACs, typically have 24-months to buy a company or they must return the money they raised to shareholders.

As of July 20, there were 590 SPACs still looking for a merger partner, according to Cordell Eminent Scholar Jay Ritter.

Public Utility Research Center Director of Energy Studies Ted Kury provides insights to fact check a claim that the Permian Basin, the U.S.’s most productive oil region, has enough oil to fuel America for 200 years.

Research collected by Cordell Eminent Scholar Jay Ritter inform this story that asks if too many companies went public too early in the past couple years. Should they have waited until they could deliver the kind of predictable earnings and growth trajectories that public investors favor?

Curious about cryptocurrency?

Assistant Professor Tao Li explains cryptocurrencies and discusses the recent sharp drop in the value of cryptocurrencies.