The spirits industry is a mature, fragmented industry with economies of scale, which is a recipe for consolidation. Large spirits companies have been acquisitive in the tequila segment, particularly ...

One question that team members at my company, a boutique investment bank that provides merger-and-acquisition and capital-advisory services, have been fielding lately from both current and prospective ...

Nobody likes value traps. They can do some serious long-term damage to one's portfolio. But what is a value trap? Well, in layman's terms, it's a stock that looks cheap at face value using valuation ...