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KPS's Shapiro on projecting revenue 'week to week '

Published February 25, 2009 at 9:26 AM
How do you forecast revenue in the current environment? At the TMA/The Deal's Distressed Investing Conference in January, Edward Siskin of Crystal Capital, David Resnick of Rothschild and David Shapiro of KPS Capital Partners LP explained that 2009 forecasts are worse than 2008 in every respect. "Literally week to week you are rethinking what is going to happen next year," said Shapiro. - Maria Woehr

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