Pages

Tuesday, February 5, 2013

McGraw Hill Market Cap Decline

Efficient market theorists should take note that MHP's market cap has fallen by $3B in the last two days on news that the Federal government is suing the company.  For reference BP's settlement with the Justice Department was $4B. Given that McGraw Hill was arguably complicit but not the direct cause of structured credit blowups, it's difficult to see how any settlement could reach multi-billion dollar territory.


No comments:

Post a Comment

For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.