Read the Latest Credit Risk Insight and Articles Published by ProfitGuard.

 

  • Newsletter: March 2021

    Newsletter: March 2021

    ProfitGuard

    Over the past year, special purpose acquisition company (SPAC) initial public offerings (IPOs) have floodedthe U.S. financial market. Although SPACs have been around for decades, 2020 was a record-breaking yearand 2021 remains busy as investors and management teams try to mitigate the increased market volatility riskof traditional IPOs.

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  • PG Featured in Recycling Today

    PG Featured in Recycling Today

    ProfitGuard

    In Recycling Today article, Victor Sandy, executive with scrap-focused credit advisory firm, says monitoring creditworthiness should be systematically managed.

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  • Newsletter: February 2021

    Newsletter: February 2021

    ProfitGuard

    Form Technologies recently completed a Transaction Support Agreement by which the companyrecapitalized and extended debt maturities. Form Technologies is a manufacturer of small precisionengineered components and its subsidiaries include Dynacast and Signicast.

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  • Newsletter: January 2021

    Newsletter: January 2021

    ProfitGuard

    More and more private equity firms are turning their attention to the plastics and packaging sector. 2019 sawan uptick in private equity interest and the trend continues as we enter 2021.

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  • Credit Risk Reminder

    Credit Risk Reminder

    ProfitGuard

    2021 is forecasted to be a high risk year. Lingering effects of COVID-19 remain rampant in the economy, especially in the industrial sector, which is point to higher insolvency risk this year.

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  • Newsletter: December 2020

    Newsletter: December 2020

    ProfitGuard

    We believe credit pressures will persist in 2021 but we also note the coronavirus vaccine roll out could helpboost the economic recovery in the United States and Canada. Additionally, S&P Global Ratings reportsthat borrowing conditions remain favorable for many companies.

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  • Newsletter: November 2020

    Newsletter: November 2020

    ProfitGuard

    According to S&P Global Market Intelligence, a total of 574 companies have gone bankrupt this year as of November 15, still on track to surpass the figure from 2019. The top three sectors leading the bankruptcy filings are consumer discretionary, industrials, and energy.

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  • Newsletter: October 2020

    Newsletter: October 2020

    ProfitGuard

    With an uptick in distressed debt exchanges (DE), we thought it would be best to explain what they are, why companies use them, and how they impact credit risk.

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  • PG Press Release

    PG Press Release

    ProfitGuard

    ProfitGuard Announces Its Expansion Further into the Industrial Sector

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  • Newsletter: September 2020

    Newsletter: September 2020

    ProfitGuard

    The pandemic driven economic downturn adversely affected numerous industries across the globe. The automotive industry was not immune and was one of the hardest hit as manufacturers idled production for two months during the early stages of the outbreak. We are starting to see some stabilization but expect volumes to remain low in the near

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  • New Product Enhancements

    New Product Enhancements

    ProfitGuard

    ProfitGuard's new enhancements help you better predict future payment performance, minimize default risk, and integrate more trade data into your decision making process with our improved portfolio analysis toolset.

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  • PG Newsletter: August 2020

    Newsletter: August 2020

    ProfitGuard

    Companies in the metals and manufacturing segments typically rely on borrowing for working capital and funding purposes. If you are securing regular bank updates on your customers, you have probably noticed Asset-Based Lending (ABL) agreements.

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  • Metal's Edge: July 2020

    Newsletter: July 2020

    ProfitGuard

    While adverse opinions are generally rare because companies typically conform to auditor desires, they still exist when the accounting firm believes there is substantial doubt that the company can continue as a going concern due to financial or operating problems.

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  • Metal's Edge: June 2020

    Newsletter: June 2020

    ProfitGuard

    Globalization. A term used to describe the increasing connectedness and interdependence of world cultures and economies. As the United States enters its fourth month battling COVID-19, disruptions from the pandemic have practically silenced this interconnectedness. In response, manufacturing companies are rethinking their global supply chains.

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  • Metal's Edge: May 2020

    Newsletter: May 2020

    ProfitGuard

    The old saying that cash is king has never been truer, in fact, it’s not only king it's queen, prince, and the whole royal family. As we have seen in many crises of the past, liquidity and access to it, is paramount to the survival of business operations.

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  • Metal's Edge: April 2020

    Newsletter: April 2020

    ProfitGuard

    As the pandemic continues to dominate global headlines, we would like to focus on positive data being reported. Encouraging headlines are slowing beginning to emerge, and forecasts indicate the beginning of a recovery in the second half of year as the slow process of reopening the economy takes shape.

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  • Metal's Edge: March 2020

    Newsletter: March 2020

    ProfitGuard

    COVID-19 has dominated the news cycle as it continues to impact the global economy. The stock market has wiped out years of gains in just a few days, many industries are coming to a standstill by suspending production temporarily, and countries are shutting down their borders for all nonessential travel.

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  • Metal's Edge: February 2020

    Newsletter: February 2020

    ProfitGuard

    Below we will discuss the latest insights and news impacting the metals and manufacturing sector. As we continue into 2020, we’ve seen businesses sharpen their focus with divestitures and M&A activity. We’ve also seen businesses close their doors.

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  • Metal's Edge: January 2020

    Newsletter: January 2020

    ProfitGuard

    2019 was a turbulent year for the metals sector. Metal prices tumbled to multi year lows after reaching record highs the previous year. Trade talks dominated the news and despite reducing imports, tariffs did little to support metal prices.

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  • Credit Risk Outlook: Metals & Manufacturing Sector

    Credit Risk Outlook: Metals & Manufacturing Sector

    ProfitGuard   — September 2019

    As of July 2019, the current business cycle which began in June of 2009, reached a historic record as the longest U.S. economic expansion on record as it hit 121 months. As a refresher, a typical business cycle has four parts, expansion, peak, contraction, and trough.

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  • Credit Risk: The Current Environment

    Credit Risk: The Current Environment

    ProfitGuard

    The one constant in the scrap industry is that it is always changing. In this webinar we discussed the concepts of credit risk, the steps you should take to mitigate these risks and why it's dangerous to be complacent. View PG’s Webinar hosted by ISRI on May 15, 2019.

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  • Credit Risk Outlook: Metals Sector

    Credit Risk Outlook: Metals Sector

    ProfitGuard  —December 2018

    Credit conditions in the metals sector remain stable in general. Economic conditions are mostly positive in North America with continued GDP growth and favorable, albeit slowing, end markets for most metal suppliers. However, there are a mix of factors that are more likely to pressure economic conditions

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  • Credit Risk Outlook: Metals Sector

    Credit Risk Outlook: Metals Sector

    ProfitGuard —September 2018

    Overall business conditions in the metals sector remain positive. Pricing has remained elevated in general for most metals and demand has been strong. Despite these solid conditions, credit risk remains in pockets. 

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  • Credit Risk Outlook: Metals Sector

    Credit Risk Outlook: Metals Sector

    ProfitGuard—September 2017 

    In our view, the metal segment is experiencing strong market conditions for the most part. However,  credit risk remains at a moderate level in our view due to a few drivers.

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