Tuesday, September 29th, 2009 at 1:22 pm
Quoted in the on-line business magazine “Financial Week” Corey Ribostsky of the NIR Group had this to say:
“The amount of companies looking for PIPE financing or PIPE-like financing has increased somewhat as other secondary and follow-on offerings have been stalled on Wall Street.”
As you may already be aware, PIPEs are “Private investments in public equities.” This investment strategy is becoming increasing popular as control investments are harder to execute. Companies feel compelled to utilize PIPEs for their financing when the usual capital markets do not provide financing and the usual equity markets do not exist for that issuer.
Sunday, September 20th, 2009 at 12:09 pm
Commenting on the current economic trends, Corey Ribotsky of the NIR Group believes that today’s situation is more extreme and difficult than past economic downturns. The present credit drought has more companies than ever searching out financing options. This demand has in turn caused investment firms such as NIR to proceed with caution with target companies. And, according to Ribotsky, this is exactly where the NIR Group shows its strength. We have a professional team which demands a high level of diversity, and insists on deep research, credit analysis and due diligence. When all these criteria are established the best possible investment portfolio strategy is constructed.
Under ordinary economic times an investment time horizon could be several years. Because of today’s situation the time frame for investing is longer. Yet there is the beginning of a shift and companies are showing better terms and liquidity.
Thursday, September 10th, 2009 at 8:22 am
Coping with today’s credit crunch requires a particularly focused approach to researching companies before investing, according to Corey Ribotsky, Head Portfolio Manager of the NIR Group of Roslyn, New York. Ribotsky believes that in today’s investment world it is crucial for the investment team to focus on diversification, in-depth research, excellent credit analysis and due diligence. When all these factors are evaluated and in place the direct result is optimal portfolio construction.
Investments usually require a time-line of several years, but in the current market this is a bit too long. Nevertheless Ribotsky is seeing deals with better terms, good liquidity, and even a few New York Stock Exchange companies looking for capital. Hopefully these deals could have a bit of a shorter time horizon.
In general the NIR Group is a several-year-partner for each transaction. ‘We contribute capital and then find a good exit strategy’, says Ribotsky.
Wednesday, September 2nd, 2009 at 8:14 am
Discussing the current trends and practices of the NIR Group, Corey Ribotsky, Head Portfolio Manager and Managing Member, expressed his opinion to Opalesque Magazine in April, 2009.
Although the NIR Group is generally open to investments in all sectors which show promise, Ribotsky did express a “sweet spot” for small, micro-cap as well as launching into the midcap sector.
The current market has presented many challenges as well as opportunities for new investment strategies, according to Ribotsky. The present credit crunch means more companies need financing, but unfortunately the past has not been reminiscent of today’s situation. Because today’s credit crunch is more serious than past crunches it is especially crucial to be careful with target companies.