The M&A market is plagued by two things right now - sellers who have unrealistic value expectations and buyers who have unrealistic value expectations. There's a big gap. And it's true across corporate M&A, real estate, autos and the like. For those of you about to email me with the name of the latest deal that got done, I'm not saying there is no M&A activity - just that in general it's hard to reach a deal. One side has to give at some point. Which will it be?
