Are you tired of measuring the slowing rates of change in both growth and earnings? No worries – give yourself a break this morning and strap on the magic multiple pants… tell yourself some stories… it’s “Merger Monday”, baby!
This morning’s proposed “mega” deal in a #GrowthSlowing company (AT&T) trying to pay $85B for Time Warner (TWX), reminds me a lot of OCT 2007. Remember, back then, everyone was going to (try to) buy everyone too…
For those of you who are still mapping rates of change, this discipline has gone on for a while now. “It was Archimedes who really brought the project to its full fruition. Today we call this approach the method of exhaustion.” (How Not To Be Wrong, pg 34)
BACK TO THE GLOBAL MACRO GRIND…
With M&A slowing on a year-over-year basis in 2016 (like it always does at this stage of #TheCycle), it looks like we’re going to see a final dash to the banker compensation finish line where companies who are going to miss revenue and earnings try to sell themselves.
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