Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Greenhill Shares Went Red

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Greenhill & Co. (NYSE: GHL  ) sank 10% today after the investment bank's quarterly results missed¬†Wall Street expectations.

So what: The stock plunged last month on declining deal-making activity, and today's first-quarter results -- earnings sank 16% on a revenue drop of 3.7% -- only reinforce those worries. In fact, year-to-date global M&A volume has plunged nearly 30% from the fourth quarter, raising plenty of concerns about fellow boutiques Lazard (NYSE: LAZ  ) and Evercore Partners (NYSE: EVR  ) , as well.

Now what: I'd look into this plunge as a possible buying opportunity. "[R]egardless of when the market again sees more normal levels of transaction activity, we are keeping our focus on the things we are able to impact," said CEO Scott Bok. "Based on what we can see internally and in the broader market, we see encouraging signs that 2013 should prove to be yet another year of meaningful market share gains for our Firm." With the stock now down about 25% from its 52-week highs, buying into that turnaround talk might not be a bad bet.

Interested in more info Green Hill? Add it to your watchlist.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2371448, ~/Articles/ArticleHandler.aspx, 9/27/2016 8:18:11 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 11 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:02 PM
GHL $22.58 Down -0.66 -2.84%
Greenhill and Co. CAPS Rating: ***