PAETEC PAET, one of the largest remaining competitive local exchange carriers in the United States, has announced plans to acquire privately held McLeodUSA. The deal makes strategic sense, in our view, but the financial upside is limited. Therefore, we are leaving our fair value estimate for PAETEC ...
A new book argues that a return to virtue--honesty and trust--is critically important for capital markets to fully function.
Morningstar's Dave Sekera describes the market breakdown after Lehman, the state of the bond market now, and investors' heightened attention to systemic risk today.
Qwest Communications International Q continued to cut costs during the third quarter while holding revenue roughly flat, putting it on pace to roughly meet our expectations for the year. The firm did see a sharp acceleration in the number of phone customers lost during the quarter, but we don't ...
We take a look at 2012's CEF performance, distributions changes, and IPOs.
Tim Gramatovich is the CIO of Peritus Asset Management, and the Portfolio Manager of the AdvisorShares Peritus High Yield ETF (NYSE: HYLD)
Excuses don't wash for fiduciaries who ignore the risks of a concentrated portfolio.