Independent investment bank Lazard (NYSE:LAZ) is a small but growing financial firm with a widening focus and an expanding set of relationships both domestic and international. The company is poised to see revenue and earnings expand rapidly as the M&A and restructuring markets improve. Lazard has put an increased emphasis on its investment banking franchise recently, especially in emerging markets. While the emerging economies of the world are seen as toxic right now by many investors, I believe that will change in time, and Lazard will be well positioned as a result. Between this expansion, Lazard's reasonable valuation for a boutique investment bank, and Trian Fund Management's activist stake in the firm, I see LAZ as a good...
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