are investment banks needed at all?
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Poast new message in this thread
Date: October 27th, 2018 9:24 PM Author: Out-of-control home
for vanilla M&A or bond/equity deals, investment banks' 'value add' is usually just providing cheap loans in the past (bulge brackets like citi, baml, etc.) that they leverage to run these sort of deals for the fees
elite boutique banks OTOH actually provide more valuable advice for corporate takeovers and such that birdbrained Chad CEOs cant figure out on their own
(http://www.autoadmit.com/thread.php?thread_id=4116955&forum_id=2#37108902) |
Date: October 31st, 2018 12:25 PM Author: thriller rigpig
They have a lock-down on the M&A advisory and syndication racket. So yes, they are needed.
Joe Blow from XYZ Inc. in Kansas isn't going to have access to investors, let alone undertake an offering of securities anywhere in compliance with all the different offering restrictions. They have to go through a broker.
M&A it's all about the brokering of deals, and again, bankers use their network to make this work and do valuation. It makes life a lot easier for corporates, but costs a ton in fees.
(http://www.autoadmit.com/thread.php?thread_id=4116955&forum_id=2#37132060) |
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Date: October 31st, 2018 12:50 PM Author: thriller rigpig
Lol OK.
I guess we all live in a world where GCs of F500s are stupid dumbasses who enjoy paying out of their asses for pointless inconsequential "service providers" like bankers when they could just do it "in house" at a fraction of the cost.
These corps are paying for IB because they are busy doing shit like making cars or selling GC shit to wagecucks like you, and don't have the time or capability to market to pension funds located halfway around the world who may not even speak English or find a buyer for their shit subsidiary located in OshKosh Oklahoma. It's just the way it is.
The alternative is to hire a whole lot more people which will end up being more expensive in the long run and create a bunch of headaches because you have to do BS training and logistics for these new drones you just hired and pay for their healthcare and shit. Bankers you just use and dump once they've done their job.
(http://www.autoadmit.com/thread.php?thread_id=4116955&forum_id=2#37132196) |
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Date: November 1st, 2018 1:17 PM Author: curious shitlib
I agree with this take.
It's true that it's not rocket science, but the "basic" shit that good bankers can do they can do so fucking fast it will make your head spin.
I suspect the reason many "scholarly" types don't get this is because they don't understand the significant portion of the world that is run by "numbers" people.
(http://www.autoadmit.com/thread.php?thread_id=4116955&forum_id=2#37138902) |
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