Tag:
valuations
Latest Headlines
Latest Headlines
Earnings reports to reflect weakness, lack of innovation
JPMorgan's earnings have set a tough tone for other banks as the third-quarter earnings reporting season continues.
It's clear that business has slowed precipitously this year, as reflected by JPMorgan's severe decline in revenue from the second quarter to the third quarter. While debit valuat
Market strong for private shares
We can debate the decline of the IPO market all day long. But it is fair to say that it is a mere sliver of what it used to be. Sure, the dotcom bubble gave rise to lots of companies that should never have gone public. But even before then, the number of IPOs was at least double or triple what it
Vision Capital ensnared in PIPE deals probe
We've noted how hard it is to stay on top once you've made it to the pinnacle of the hedge fund industry. Stupendous returns year after year are hard to generate; the credit crunch marked a stumbling block for many. This brings us to the case of Vision Capital, founded by two visually impaired men
Another bad bet by Lehman Brothers: Art?
Lehman Brothers was known for its art collection back the day. A lot of that is set to be auctioned soon, notes Fortune . There will be some bargains in the initial round, the likes of David Hockney, Roy Lichtenstein and Robert Rauschenberg are expected to go for under $2,000.
The first 2
Private equity deals to soar?
We've noted before that the time is right for strategic deals, and we've seen a spate of them recently. The absence of financial buyers was certainly seen as one reason these deals might rise, but the period of absence may be short lived.
The New York Times reports that the Blackstone Grou
When will deal volume turn up?
Investment bankers tend to be an optimistic lot, convinced that the next big deal is right around the corner. There's hope but not a whole lot more right now. Sure, we've seen some big pharmaceutical deals--Pfizer and Wyeth, Merck and Schering Plough--and the financing situation may have marginall
Glass half full or half empty in PE?
The private equity industry is at a crossroads. There's nothing new about that assertion. TheDeal.com offers an interesting look at where the industry goes from here. Some think the future is golden, in part because the industry is sitting on $470 billion in committed but un-invested capital,
Can top banks sell assets in time?
The Treasury made clear this week that some banks, in an effort to build capital, will be expected to sell off assets, spin off assets or enter more joint ventures. But that's easier said than done. Buyers are already scarce; those that remain are all too aware which banks are being motivated by s
Fair value relief to help Citigroup?
The knee-jerk response to the new guidance on fair value rules has been that banks will see a significant bump in earnings, as mark-to-market losses lessen. But in the view of a TheStreet.com ratings analyst, that might not be the case with Citigroup. The argument starts with the fact that as
Government to tackle thorny valuation issue
In the bailout mania that has engulfed the industry, one of the thorniest questions has been how the government--or anyone else--can accurately value toxic securities. Many thought the reason Paulson's Treasury gave up on its original idea to buy securities directly was because of valuation challe
