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Oppenheimer Holdings Inc. Message Board

  • uniblab10 uniblab10 Mar 16, 2008 12:09 AM Flag

    I agree that its a trading house and...

    Its a second tier firm, a trading firm like this will usually loose revenues if the market "like it has" turns down. The firm still (from back in the day) has "stock jockies" from the small firms it had taken over. I don't have a position but like to see what is happening to firms in this market correction. This company to what I understand IS NOT CIBC its a much smaller company named Fahnestock which bought the Oppenheimer name and kept it to give it a better recognition in the market. They have nothing to do with Oppenheimer Funds either as I just read. I noticed the chairman dumping the stock at 50 so that is a even to expensive for him- obviously. Good luck to all.

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