Buy Greenhill (Ticker GHL)

I will write this up in more detail over the weekend, but I saw a press release that I have been waiting for and was worried wouldn't happen. Greenhill announced the hiring of two managing directors (one in NYC on one in London) to head its restructuring business. They have indicated they were planning to do this, but it took longer than I thought it would.

In the interest of getting this out before market close; this is an excellent company that will be worth a lot of money when the M&A market returns (and it will return). I like this stock below $60 and it is $56 now. If you already know the story, buy now. Otherwise wait for the better write up this weekend.