Most people have no idea what an ESOP is, much less what the acronym stands for: Employee Stock Ownership Plan. Many believe it is simply an arcane government program to …
Riding The Roller Coaster
WHAT goes up must come down. Economic cycles are fundamental to free market economies. Whether it is oil prices, the housing market, interest rates, or prices of charged-off credit card …
Credit Crunch: Good News or Bad?
Recently, Flock Advisors spent several days in New York holding meetings with lenders and investors. Walking past the Bear Stearns building through the pouring rain, we couldn’t help but contemplate …
When the Roller Coaster Becomes Routine
Few predicted the financial crash last month. Even fewer predicted the almost daily gyrations in the stock market and chaotic credit policies of major banks and financial institutions. So much …
Strong Debt Market Improves Prospects For Leveraged Transactions
Since 2004 senior debt markets have loosened substantially. Faced with competitive pressures, including new senior lending sources, traditional lenders are embracing more liberal debt coverage multiples and covenants. Aggressive cash …