George Schultze Contributor Profile on Forbes

Category: profiles

Forbes is well known as one of the best publications on investing, economics, and business trends in print today. Lending his expertise to the publication, our founder and managing partner, George Schultze, has become a staple contributor of the site. You can take a look at all of the articles from the Schultze Asset Management Founder on Forbes right now, or if you’d like to know more, keep reading!

Excerpts from Articles by George Schultze

From “Despite Suitors, Toys ‘R’ Us Chain Unlikely To Continue In The U.S.”

“Delilah Lattanzio, an eight-year-old New Jersey girl who was heartbroken when she heard Toys ‘R’ Us was going out of business is selling lemonade and gathering signatures with an online petition to try to save the toy retailing institution. Isaac Larian, the billionaire behind Bratz dolls and Little Tikes toys, also hopes to save the chain. He first bid $215 million for 82 Canadian outlets and but was outbid by Toronto-based Fairfax Financial Holdings Ltd. Then, together with a syndicate other investors, he made a $675 million offer for 274 of the 735 stores in the U.S., as well as the corporate headquarters, which he says could save up to 10,000 jobs and possibly the toy business itself. That bid was also rejected.”

From “Steel Tariffs And Investment Opportunities”

“The steel tariffs announced by Trump’s administration last week were widely panned by the media with most commentators concluding negative economic follow-on effects from a likely ensuing global trade war. Not so widely reported were U.S. Commerce Secretary Wilbur Ross’ comments about the rationale for steel and aluminum tariffs – because outdated trade regimes have become obsolete and totally unfair. By way of example, Ross pointed to long-standing auto tariffs – the US imposes a 2.5% tariff on autos while the European Union imposes 10%, and many other countries 25%. This trade regime may have made sense immediately after WWII, when the US was interested in seeing other economies rebuild their war-ravaged economies. However, it can no longer be justified. With an $800 billion trade deficit, the U.S. simply can’t afford to continue subsidizing manufacturing outside of its boarders. In fact, unfair steel dumping into U.S. markets by overseas sellers has long caused terrible distress throughout the U.S. manufacturing heartland.”

Like what you’re reading? Then finish the articles over on Forbes by following this link to George Schultze’s contributor profile on Forbes.