Greenhill & Co., Inc. (GHL) Message Board

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Non-Tech : Greenhill & Co., Inc. (GHL)

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From: JakeStraw	4/14/2010 1:01:01 PM
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Cashing in on the New Frenzy topstockanalysts.com Greenhill’s revenues are expected to rise at a +20% clip this year, and at an even faster clip in 2011, using past economic cycle M&A volumes as a guide. As previously noted, per-share profits hit $4.00 in 2007, and there’s no reason to believe they can’t exceed $5.00 this time around, as the company now has greater market share and an expanded global footprint. Shares may be pricey on trailing results, but trade for a more reasonable 16 times that 2011 or 2012 outlook. When the M&A cycle has really heated up in the past, Greenhill traded for 25 to 30 times projected profits. By my math, this stock should hit $125 - some +50% above current levels - or 25 times that 2011 or 2012 outlook.

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