David Burrows
Evercore Partners
EVR-N
TOP PICK
Jan 23, 2014
Companies have been working their way through dividend increases and share buybacks and still have very strong balance sheets. As the economy is getting a little better, we are seeing a big pick up in mergers and acquisitions. This is a company that is very specialized in mergers and acquisitions and corporate finance. About 90% of their revenue is there. A leader in the industry.
(A Top Pick Jan 23/14. Down 17.27%.) Had thought that M&A would be much more active, which they were, but the investment banks did have a sell-off last summer, and he sold his holdings.
He likes this global investment and research firm that is ranked #1 internationally. It is a pure play on investment banking and wealth management -- two very profitable segments. They hold $1.2 billion in cash and it generates great cash flow. Yield 3.52% (Analysts’ price target is $92.00)
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Companies have been working their way through dividend increases and share buybacks and still have very strong balance sheets. As the economy is getting a little better, we are seeing a big pick up in mergers and acquisitions. This is a company that is very specialized in mergers and acquisitions and corporate finance. About 90% of their revenue is there. A leader in the industry.