In five pages this paper discusses why the initial public offering by University Clubs is being delay in this explanation to investors. Three sources are cited in the bibliography.
Name of Research Paper File: CC6_KSfinDelayIPO.rtf
Unformatted Sample Text from the Research Paper:
point in University Clubs development, planners and managers originally had intended to have proceeded with University Clubs initial public offering (IPO). That has not yet occurred; the purpose here
is to explain why it has not. Market Conditions At the time of the decline of the stock market in the summer of
2000, the Dow Industrials average routinely closed at more than 11,000. The market had expanded to greater levels than some observers formerly believed to be possible, and more cautious
investors had been expecting a "market correction" for some time. The correction that occurred in 2000 still is operational. Though there have been some strong individual performers in
the meantime, many investors lost significant "paper profits" in the markets decline and since have chosen to place their investment funds in places other than the market.
The fact that there has been a correction in the market in itself is nothing remarkable. Some observers said before the decline that the "new
economy" had redefined the old laws of economics; the markets behavior in the past two years indicates that not only are those old laws still relevant, they also are quite
influential and extremely difficult to alter through interest rate manipulation. The economic law that the decline can be attributed to is the "boom
and bust" cycle, in which economic prosperity is followed by a less prosperous time. Demand is high when the economy is healthy, driving up prices. Higher prices call
for higher salaries, which in turn lead to higher prices as well. Eventually, there comes a time when the economy needs to reestablish equilibrium. Workers are laid off,