Houlihan Lokey (HLI) stock will benefit if bankruptcies rise in 2024
Houlihan Lokey(HLI) Invezz·2024-01-23 08:01Bankruptcies have continued rising in the past few years as companies struggle in this high-interest rate environment. Data by S&P shows that there were almost 600 major bankruptcies during the year, with the most notable ones being WeWork, Lordstown Motors, Rite Aid, and Bed Bath and Beyond being the top ones.Bankruptcies trend to continue in 2024Copy link to sectionThe situation, unfortunately, will continue this year as many companies that borrowed in a low-interest rate environment hit a wall of maturit ...