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Oppenheimer Holdings Inc. Message Board

  • kommenter kommenter Jul 2, 2008 11:00 PM Flag

    OPY 2Q

    I would be willing to bet any OPY bulls out there that 2Q will be another big loss. The CIBC deal in January added over half a billion in annual expense to support a lavish capital markets biz just as the capital markets have shut down. I would be willing to bet that these losses much more than offset the losses from the strong retail and asset management businesses. Given the CEO's frugality, I give the capital markets business less than a year to live, especially since they paid nothing up front for them. Unfortunately, in the wake of the deal, they shuttered a capital markets business with much lower overhead. I would be very curious to hear any reasoned, rational contrary viewpoints to my post. Am I wrong?

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    • The brokers will not benefit on the CIBC purchase, what a waste, they are stock traders , I looked up Josephthal , Prime Charter, Fahnestock and Oppenheimer , the regulators are all over this company , Their sub company Josephthal was a regulators nightmare. This company is hidding behind the GOOD Oppenheimer name, Its NOT CIBC OPPENHEIMER or OPPENHEIMER Mutual Funds. Like I said trading stocks in this market will skake out firms like this.

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