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Navigating Stormy Seas

Navigating Stormy Seas

Navigating Stormy Seas Thomas C Schleifer, Ph.D The Fed has just imposed another 75-basis point increase in its benchmark interest rate, and now even both sides of congress are howling. Prognosticators are worried that continued increases will push the economy into...
CLEAN UP YOUR BOOKS

CLEAN UP YOUR BOOKS

CLEAN UP YOUR BOOKS Thomas C Schleifer, Ph.D. While operating the nation’s largest workout firm for sureties, I had occasion to audit the financial statements of hundreds of construction companies that had failed mid-project. While the causes of those failures varied...
IF

IF

IF Thomas C Schleifer, Ph.D. It is somehow comforting when other experts confirm your view of the world. Just this week in Engineering News Record:  ENR October 12, 2022 Construction Wages Grow at Fastest Rate in Decades Despite Recession Threat By James Leggate...
Defense Mechanisms

Defense Mechanisms

Defense Mechanisms Thomas C Schleifer, Ph.D. Last week we renamed the impending “recession” being brought on by the Fed’s interest rate battle against inflation – “bottom-line recession” – for the construction industry. Bottom-line...
A Day in The Life of A “Best-In-Class” Contractor

A Day in The Life of A “Best-In-Class” Contractor

A Day in The Life of A “Best-In-Class” Contractor Thomas C Schleifer, Ph.D. The Best-In-Class Contractor We call contractors who fit the management profile that the Construction Company Self-Analysis Program outlines, question by question –...
In The Eye of the Beholder

In The Eye of the Beholder

In The Eye of the Beholder Thomas C Schleifer, Ph.D. Wall Street investment advisors are beginning to act like contractors. Hedge fund managers now value tech companies based on a multiple of future revenues rather than a multiple of past earnings. Revenues trump...