Jay Ritter
Jay Ritter
attention certainly company confidence investors longer pay vote
A longer lockup, especially by executives, is certainly a vote of confidence in the company that investors do pay attention to.
muscle order regional tough
It's tough for the regional and boutique players, with the pecking order of the bulge-bracket firms, to muscle your way into the big deals.
executives incentive money terms whether
In terms of the executives involved, they've got every incentive to do a deal, whether it makes sense or not, because if they don't do one, they give the money back.
ahead companies decisions industry postponed return unusual wisdom
When an industry recovers, it's not unusual to get companies that postponed their decisions to return to the market. I think the conventional wisdom is they will go ahead with this.