KQED Nightly Business Report February 20, 2013
If the majority of deals are cash, as many have been in 2013, it suggests the m a cycle is just getting started. Its later in the cycle when a lot of m a activity takes place where its purchased for stock. Then companies are basically saying, we think our stock is overvalued, lets use it while we can to buy the competition. Reporter there may be a lot more corporate marriages in the months ahead, but stovall says the stock market still needs to digest its recent gains. I think that we could end up seeing a relatively mild correction in prices, something on the order of 5 or maybe more. But the...