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Eyes On The Prize

There may be plenty of cash on the sidelines, but until earnings visibility improves, it's likely to sit there


By Ken MacFadyen

June 26, 2009

To many, the deal market may seem a modern take on Samuel Beckett's 'Waiting for Godot.' Buyers and sellers continually wait for a sign that business has stabilized. For the deal community, the identity of Godot may as well be 'visibility,' and in its absence, few have any solutions other than to merely wait.

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