NEW YORK, May 16 (Reuters) -High-priced shares of
merger-advisory firm Greenhill & Co (GHL.N) could tumble
unless there is a boom in corporate mergers, Barron's reported
in its May 17th edition.
The company has one of the highest valuations of any Wall
Street firm, trading at 30 times earnings per share estimates
for this year. Rivals, such as Lazard (LAZ.N) and Evercore
Partners (EVR.N), trade at around 16 to 26 times projected
2010 earnings per share.
Barron's noted that Greenhill insiders recently sold 3
million shares, indicating they think the stock is fully
However Greenhill supporters point to a looming merger
boom as justification for the firm's high valuation, Barron's
(Reporting by Helen Kearney; Editing by Jan Paschal)