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Saturday, October 10, 2009

Goldman on Private Equity

Goldman had this piece on LBO's.

Goldman LBO Model                                                                                                                            

This isn't something new. Goldman has been increasing their targets on stocks in their research by a few dollars, "normalizing" growth, so you can fit it in a private equity model.

I noticed this in their research starting in July.  The week before that, they had bumped up their targets in tech names, because of M&A possibilities.

Just another sign that M&A, and soon LBOs will be back.

Stay short at your own peril.

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