emily x

Brokers Are The New Homebuilders - Forget The Bailouts

"[T]he only way right now the gap can be bridged is by valuations coming down, greater focus on operational improvements or sponsors accepting lower returns" -- The first two will probably take care of themselves as this plays out; the third is the "human" element and, just like in the housing market, it's gonna take time for those very high profit expectations to come down. Rock on, Phil.