Author Archives: Doug Stebbins, CFA

For most Americans, the beginning of the COVID-19 pandemic happened abruptly.  In just a couple of weeks in the middle of March 2020, schools sent home their students, all sports were halted, and many stores, restaurants, and theaters closed their doors.  The start of the pandemic was neatly demarcated by these events, but now, years […]

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An important skill as an investment banker is to work with clients to project companies’ future financial performance.  Whether dealing with investors, lenders, or shareholders, all want to know how management sees the next few months, quarters, and years playing out. In the process of developing projections, company management spends hours trying to prognosticate what […]

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For years, it was the front line of the holiday retail battle.  Black Friday was treated like the be-all, end-all by many retailers, and attracting foot traffic on that day was critical.  Accordingly, beginning decades ago, it became typical for retailers to offer special Black Friday deals to draw consumers into their stores, often at […]

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With more than 40% of all Americans and over 50% of U.S. adults now vaccinated against COVID-19, the infection rate has dropped considerably and things are slowly returning to normal. Mask mandates and social distancing guidelines that have been in place since last March are being dropped and there is a push to return to […]

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Kevin Plank, the founder of Under Armour, was born in 1972.  That means that he was 16 when Michael Jordan won his first NBA Most Valuable Player award.  As Jordan became a basketball-deity, perhaps Plank noticed, as many fans did, Jordan’s Nike sneakers.  Perhaps that is one reason why as Plank grew Under Armour he […]

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