After reading GameTheory's excellent analysis of the Healthcare IB market (http://www.wallstreetoasis.com/forums/healthcare-ib-0), I began wondering what kind of untapped collective knowledge we have on the board for other groups. What are your thoughts on the industry or product that you cover?
e.g. Where is TMT heading over the next 5 years? What is the M&A outlook like? Will LevFin ever recover to where it was before the subprime mess? Is Restructuring the new M&A? etc.
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TMT is too broad to have a
TMT is too broad to have a 5/10 year outlook. The M&A outlook is more about when one believes the economy will recover- I say 12-14 months. Yes LevFin will come back to its old levels. Restructuring (like M&A) like M&A is very cyclic, so the inverse of question 2.
ideating - thanks for the
ideating - thanks for the comments, although I didn't mean to specifically look for answers to those individual questions; I was hoping to get more "in the trenches" insight from people who work in those groups (or others).
Maybe I should rephrase the main question more clearly: What are you seeing happening right now in the industry/product you cover and where do you see things going over the next 5-10 years?
Yeah I realize that was kind
Yeah I realize that was kind of an asshole answer on my part- I'd suggest you narrow your question to industry only. Also in my experience, you may get a better response if you get the ball rolling on a few industries you are interested in. Ideally, you would have 5-6 long, thoughtful posts for a few different industries but that is not likely.
LevFin prospects
Given that I work in LevFin I will comment on that sector. Large budge bracket deals will continue to be slow through the end of this year, analysts in this field are lucky to have jobs right now. I think that once the market figures out when the real estate crisis has hit its bottom deal flow will return to old levels. Also large banks need to clear all the hung paper they have on their books, this may take sometime. I would say that the market should show signs of improvement toward the end of the year but LevFin at the large banks wont fully recover( to its glory days) for another 18-24 months. LevFin at smaller middle market and regional banks have, and will continue to, show resilience in this market. It’s much easier to move $150MM of paper than it is to move $1.2B worth of paper. Either way the LevFin prospects over the next 9-18 months are pretty grim. Put it this way, if I make it to bonus season I definitely won’t be wasting it on models and bottles like I did last year.
Thanks cplex, that was
Thanks cplex, that was exactly the kind of info I was looking for.