"Evercore lives and dies by mergers and acquisitions, which are dropping off dramatically"
Evercore was one of the prime beneficiaries of the latest M&A boom, and is also likely to be one of the greatest victims when this current cycle turns. EVR derives ~90% of their revenue from M&A advisory (helping companies sell themselves or buy other... read more
"Company's business is dependent on megadeals, which have been completely wiped out."
Even if the only thing to decline is the number of mega-deals, EVR will be in serious trouble. Mega deals have accounted for the majority of their revenue the past few years, and are likely to decrease in both number and size. Given below is the estimated dollar value... read more
Company's business is dependent on megadeals, which have been completely wiped out.
Even if the only thing to decline is the number of mega-deals, EVR will be in serious trouble. Mega deals have accounted for the majority of their revenue the past few years, and are likely to decrease in both number and size. Given below is the estimated dollar value... read more
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