In the United States, conglomerate stocks are discounted up to 20% (as compared to the level at which the individual units would trade). In emerging markets, however, conglomerates are not discounted. Why are conglomerates in emerging markets not discounted but an accepted and perhaps even a needed part of the business landscape in these countries?
Submitted December 05, 2018 at 11:25AM by schn3d3 https://ift.tt/2QdyXEd
