Monthly Archives: August 2014
From July’s Axiom on Value:
Here we will address the issue of measuring liquidity in the syndicated loan market. The chart below measures the illiquidity of a set of syndicated loans in terms of the difference in yields to maturity. The difference is the YTM of
From April’s Axiom on Value:
When an acquisition (stock or asset deal) is completed, the purchase price needs to be allocated to the assets purchased. In our experience, the allocation exercise is typically done after the deal is completed. A typical allocation table is shown
