Corporate News: ABC Learning shares tumble amid debt fears
ABC Learning's shares were already under pressure before its earnings report, amid concerns about its debt and earnings dilution brought about by raising capital to fund acquisitions. In 2006, for example, the company acquired Texas-based Children's Courtyard, a provider of child-care serv...
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| Published in | The Wall Street journal Asia |
|---|---|
| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
Hong Kong
Dow Jones & Company Inc
27.02.2008
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| Subjects | |
| Online Access | Get full text |
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| Abstract | ABC Learning's shares were already under pressure before its earnings report, amid concerns about its debt and earnings dilution brought about by raising capital to fund acquisitions. In 2006, for example, the company acquired Texas-based Children's Courtyard, a provider of child-care services, for $66 million. He also echoed recent calls by other business executives for tighter regulation of hedge-fund short sales. "Right now it's a bit surreal, I'm just so shocked. When you look at the assets this company has, and if you look at the value of those assets on a global basis, it's quite extraordinary what fear and momentum can do," Mr. [Eddy Groves] said at a news briefing. |
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| AbstractList | ABC Learning's shares were already under pressure before its earnings report, amid concerns about its debt and earnings dilution brought about by raising capital to fund acquisitions. In 2006, for example, the company acquired Texas-based Children's Courtyard, a provider of child-care services, for $66 million. He also echoed recent calls by other business executives for tighter regulation of hedge-fund short sales. "Right now it's a bit surreal, I'm just so shocked. When you look at the assets this company has, and if you look at the value of those assets on a global basis, it's quite extraordinary what fear and momentum can do," Mr. [Eddy Groves] said at a news briefing. |
| Author | Susan Murdoch and Laura Santini |
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| Snippet | ABC Learning's shares were already under pressure before its earnings report, amid concerns about its debt and earnings dilution brought about by raising... |
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| Title | Corporate News: ABC Learning shares tumble amid debt fears |
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