Michael Mauboussin on M&A
By David Polonitza Over the past 12 months, the M&A landscape has been more active than in almost any other period of time. While some might point to this trend as being an excellent development, there is a viewpoint that…
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By David Polonitza
Over the past 12 months, the M&A landscape has been more active than in almost any other period of time. While some might point to this trend as being an excellent development, there is a viewpoint that when companies are very willing to engage in M&A, the market is more likely to under perform than outperform in the future. Michael J. Mauboussin shares this viewpoint in his Legg Mason strategy letter.
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