Entries by aciwpadmin

Executive Interview, Craig Bouchard: Play Hard, Fight Hard, Win

American Metal Market Originally published August, 2013 Play Hard, Fight Hard, Win The competitiveness comes naturally. Bouchard was raised in a household which embraced and thrived on a ‘winner-take-all’ attitude and where the former Inland Steel put food on the table. No matter the weapon of choice—the nearest pillow, a blazing fastball, a crushing backhand […]

Craig Bouchard, ’81

Chicago Booth Magazine (U of C) Originally published October, 2015 The entrepreneur reflects on tossing out an entire board of directors, the joy of making hard-working employees into millionaires, and the importance of bedtime stories for kids.

The Base for Success

Redbird Magazine by Lauren Hutchcraft Former Redbird baseball player and successful businessman Craig Bouchard had a ground-breaking idea and Illinois State was where it all began. “Business is a lot like sports,” Bouchard, a letter winner on the redbird baseball team, said. “I don’t see business as a job, it is a game. If you […]

Real Industry: CEO Loss Stings

Seeking Alpha by Peter Kaye Summary A core part of my thesis hinged on a skilled capital allocator presiding over Real Industry. The resignation of Mr. Bouchard detracts from the attractiveness of RELY as an investment. I’m adjusting my target price from $13.92 to $10/share in light of the uncertainty surrounding this management change.

Signature Group: An Opportunity to Tag Along With Sam Zell

Acquisition strategy and a big swath of federal net operating tax-loss carryforwards, which could pay off for investors in Signature Group. Barron’s By David Englander Last week, this column highlighted the opportunity present in the shares of Covanta Holding, pointing out that the waste-to-energy company (ticker: CVA) has long benefited from its association with investor […]

Recycling Twist Cuts Ford Truck Costs

Wall Street Journal By Mike Ramsey and John W. Miller Ford Motor Co.’s decision to build a lighter-weight pickup truck using aluminum body-panels has been billed largely as a way to achieve better fuel economy. The company’s boss says it is also a recycling play. The 2015 F-150, perhaps the most important vehicle to hit […]

Signature Group to Mimic Private Equity Format

The Deal Pipeline By Tatiana Kulkarni Following its recently announced $525 million acquisition of Aleris Corp.’s aluminum recycling business, Signature Group Holdings Inc. (SGGH) looks to pursue the model of a publicly traded private equity firm. “While remaining flexible, one outcome would be to become a mini-mini Berkshire Hathaway,” said CEO Craig Bouchard, referring to […]

Aleris to Sell Aluminum-Recycling Unit to Signature

Bloomberg By Sonja Elmquist Aleris Corp. (ARS), the aluminum maker owned by Oaktree Capital Management LP, agreed to sell its recycling unit to Signature Group Holdings Inc. (SGGH) for $525 million in cash and stock. Global Recycling and Specification Alloys is the largest independent recycler of aluminum, Sherman Oaks, California-based Signature said today in a […]