March 11, 2009 2:01 PM
In an article on SeekingAlpha, the writer says,
“This cycle will turn when the cash flow yield of assets reaches levels people can make money on in the worst environments; where equity funds new projects with no debt, and the profit is obvious.”
We agree. Investors will of course jump in when it’s a no-brainer… but we can’t shake the feeling that there are some of those opportunities out there right now – we just need to find ‘em.
More on this topic
(What's this?)
Thinking About Risk
(World Beta - Engineering Targete..., 8/11/10)
"This Time Is Different" Is Only True If You Don’t Go Back Far Enough
(Financial Armageddon, 6/7/10)
Jack Schwager ~ Quote of the Week
(market folly, 8/16/10)
The Fight Was Fixed - Risk Managers had no chance v. CEO's
(Wall Street Law Blog, 8/5/10)
