|
In The News
< 2008 2007 2006 2005 2004 > CDO Battles: Royal Pain Over Who Gets What First came the bankers who created funky mortgage investment vehicles. Now come the lawyers.
read more China Needs Iron Ore Another battle may be shaping up between China and Japan. This time, it's over iron ore. Both nations have an acute need for the product. Indeed, it is China's enormous appetite for ....
read more China Steel M&A: Great Expectations China now dominates the global steel industry, producing about 500 million tons of steel, or roughly 40% of the world's steel supply. China's steel industry is growing....
read more Valuation With A Capital V Over the last couple of years, valuation seemed to be a dying discipline. After all, in endlessly rising markets where everyone seemed to be making money, there weren't too many arguments over valuation anyway. It was all good. Now, however....
read more Triple-A Ratings Grade on a Curve, Making It Difficult to Assess Risk When it comes to bond ratings, all triple-A grades aren't created equal. That's one reason debt-rating companies such as Standard & Poor's, Moody's Investors Service and Fitch Ratings have met such criticism over their role in the subprime-mortgage crisis.
read more Restructuring Structured Finance In the aftermath of the Amaranth meltdown, we've seen a few more hedge funds destroyed when their mark-to-model valuations proved to be out of sync with something as crass as the actual market. Notwithstanding the tendency of financial players to dismiss every meltdown....
read more Steel Mill Valuations Driven by M&A Consolidation An acceleration in steel prices and a frenzy of merger and acquisition activity over the past two years have combined to push steel mill valuations to unprecedented levels. The question now is, "What's next"?
read more Private Equity - Rethinking Trouble Cynics that we are, we assume that the current private equity boom will end in tears for at least a few dealmakers. It's just the nature of any boom that some people will make money and others....
read more Market Insight: A rising tide lifts steel stocks Almost every North American steel stock has soared in the past few weeks as investors gamble a fresh round of takeover deals is in prospect. Part of the advance can be explained by....
read more Market's Fall May Augur a Waning Appetite for Risk This week's plunge in stocks and the prices of risky debt raises the possibility that investors, who had been displaying an unusual appetite for risk, are becoming risk-averse. Such a development could have big consequences for....
read more Tata's Steep Price for Corus The fierce battle over Corus (CGA) was recently decided when Tata, the Indian steelmaker, beat CSN, the Brazilian rival, in a final face-off. The price was 608 pence....
read more Credit Default Swaps: Let The Games Begin The enormous growth of the credit default swap (“CDS”) market has been well documented. From notional principal outstanding of a little over $2 trillion....
read more |
||
| 1251 Avenue of the Americas, New York, NY 10020 Tel. 212.867.4750 |