lbo

Let Them Eat Cake

By Joseph Y. Calhoun III|2015-05-17T14:37:18-04:00May 17th, 2015|Economy, Markets|

It’s very decorative, it’s very large, it looks very expensive, it’s very splashy. I’d identify the new owner as being very rich, and it’ll brighten up his expensive apartment. Would you want any more reasons? John Richardson, Picasso biographer on why Les Femmes d'Alger (Version O) is worth the $179 million it fetched at a Christie's auction recently, a [...]

Verizon’s Taper Solution: Historic Valuation

By Jeffrey P. Snider|2013-09-12T11:16:00-04:00September 12th, 2013|Markets|

Now that the massive Verizon debt offering has been priced and sent out to Wall Street’s infamous sales force (the big banks bought it so they could sell it to their customers), the recriminations can begin. It’s not just that the size of the offering was so disproportionate as to be consistent with market top-like exuberance, there is the financing [...]

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