Goodwill Is Bad News for U.S. Assets: Chart of the Day
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Paying too much for takeovers represents a risk to the value of U.S. companies, according to Erin Lyons, a Citigroup Inc. credit strategist.
The CHART OF THE DAY tracks goodwill, or the amount by which purchase prices exceeded asset values, for companies in the Standard & Poor’s 500 Index during the past decade. Lyons had a similar chart in a report two days ago.