Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

Moelis & Company: 'Advice Is Very Different Than Capital'

When I wrote an article in late April on Moelis & Company (NYSE:MC) I was confident the company and the shares would perform well into the next few quarters because The Street had yet to value MC for all the intangibles that namesake Kenneth Moelis brought to the table. This was evidenced to me because at the time, and most of this was caused because the market was in the middle of a "correction" which turned out to be nothing more than the rocket ship that has become the S&P 500 taking a breath on its way to higher highs, MC had to make accommodations the day of its IPO to meet liquidity demands during the "meltdown". All...

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