The spirits industry is a mature, fragmented industry with economies of scale, which is a recipe for consolidation. Large spirits companies have been acquisitive in the tequila segment, particularly ...

Nobody likes value traps. They can do some serious long-term damage to one's portfolio. But what is a value trap? Well, in layman's terms, it's a stock that looks cheap at face value using valuation ...

Valuation multiples are widely used in the auto industry (XLY) to compare companies. However, it is important to understand that we can only use valuation multiples to compare companies that are ...

One question that team members at my company, a boutique investment bank that provides merger-and-acquisition and capital-advisory services, have been fielding lately from both current and prospective ...