Experience Stern | News & Events

Excerpt from Reuters -- "Aswath Damodaran, a valuation expert at New York University, says the auto industry qualifies as a 'bad business.' ... Not only is the industry globally not generating a return on invested capital equal to its cost of capital, which Damodaran calculates at 7.53 percent in 2015, but has only done so once in the past 10 years. There are, according to Damodaran, four main strategies for bad businesses: sell up; starve it and take cash out; close your eyes and hum; or, finally, restructure aggressively."

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