There are interesting developments on U.S. corporate balance sheets, a Goldman Sachs report observes, as a “quiet growth” of an intangible asset – a value that can disappear during crisis as most but not all investments correlate to one — is on the rise and it is increasingly being leveraged. Goldman Sachs: “What’s Eating Corporate America?” “While you were sleeping,” the report sub-headline teases, “America re-levered and goodwill grew,” as it revealed that which was not being generally observed. The Goldman report, published by the equity research team November 10, looks at a factor in valuation formulas. While leverage is…
Goldman Concerned About Doubling Leverage, "Goodwill" On Corporate Balance Sheets
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.