More debt, unsustainable dividend, and, as someone else put it - continuing to throw wet toilet paper at the ceiling to see if it sticks. I think the new world order is and will continue to cause issues for them, no different than others, and they are scrambling to find other potential areas to expand into - because they realize what they have is not going to provide growth. Acquisition is admission that your own opportunities are weak/limited.
I see BGCP simply as a mechanism for Cantor to monetize their assets and spin them off. Additionally, there are too many shares outstanding.
I also do not like one bit the 50 million shares given to Lutnick and Cantor ("$0 option exercises") over the past 2 years. Every May it seems that the amount given to them increases enormously. That is more dividends to them, more dilution to average shareholders.
My take - Lutnick and Cantor are sucking this dry. The stock cannot go higher because 1. EPS can't go up when you give 25 million shares a year (20% of float) to Lutnick/Cantor - small growth in raw earnings need to be spread over larger share base, 2. more money shelled out in dividends because there are more shares, and 3. they are taking debt to fund the dividends.