Duff & Phelps No Balance Sheet Disclosure

Duff & Phelps (DUF) announced Q4 and year end results, trumpeting the fact that they are still doing well with a variety of financial advisory services. Basically everyone’s business card says something about restructuring and they seem to have dropped mergers and acquisition transactions.

What is peculiar or hilarious is that the very company that sells its ability to analyze all things financial did not provide a balance sheet and did not make any significant comments about their balance sheet. I know it’s a services company. But we are in a trust no one environment. These guys should lead by example. You do have one don’t you?