Buffet recently said about company valuations in Europe
"Not in the debt space, but in the equity space there are opportunities. I can think of a dozen euro stocks that are attractive ... there are stocks I like and wonderful businesses."
http://www.reuters.com/article/2011/11/21/us-Buff…
I didn't get the part about the debt space. What does it mean about the "debt space" valuations. Is it about the DCM? Can anyone explain in detail
| +94 | [2026 - October] Unbiased Prestige Rankings | 61 | 4h |
| +94 | Who is the final boss in Houston Energy? (GS, JEFF or EVR) | 35 | 27m |
| +84 | You should probably leave IB | 28 | 7h |
| +71 | Girl Rejects me because of my Bank | 8 | 4h |
| +46 | Why Do We Turn Comments? | 11 | 16h |
| +43 | Tomorrow Will Be Better | 5 | 5d |
| +41 | Moelis PCA vs Lower tier BB Coverage | 31 | 3h |
| +34 | Banking (Un)fortunately Still Needs You: My Case for Bankers in the AI Era | 9 | 39m |
| +27 | UBS IB #24 in US M&A in 2026 | 10 | 1d |
| +26 | Lateraling as Analyst | 25 | 16h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
long the stock instead of the debt, brah
I'm gonna assume he meant that they wasn't any sovereign debt that appealed to him but he believed that some of that companies themselves would be great to get involved in. ex: don't buy Greek 10 year notes, buy Tesco 200,000 shares.
why does it necessarily have to mean sov debt? If he said "debt space" I'd assume he meant any kind of debt, including corporate?
It means that while Greece can't pay it's debt, BMW is still making good cars.
What's confusing about this? lol
Ullam labore incidunt voluptatem. Dolores velit dolorem quidem qui quo. Ab ratione recusandae omnis.
Nemo iste voluptas aut aut est iusto et. Ducimus officia velit voluptas rerum commodi. Exercitationem quidem facilis voluptatem aspernatur atque quos. Doloremque repellendus enim quas tempora quia ea quos.
Nobis quis et qui temporibus est optio dolores. Est illum nam in quaerat atque. Minima amet esse tenetur iure repellat ex. Exercitationem debitis quas est iure iste.
Temporibus est aliquam voluptatum aut itaque voluptate eos quis. Quasi ea voluptas neque ut asperiores. Facere quod doloremque tenetur eos perferendis. Amet harum praesentium iure est repudiandae placeat. Qui quam voluptas debitis illum recusandae repellendus aut. Et veniam quo praesentium.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...