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BGC Partners, Inc. Message Board

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  • o08o.ugh64w o08o.ugh64w Dec 3, 2012 10:09 AM Flag

    Newedge & BGCP

    You say "Going into CRE is an attempt to survive". With talk like that, I question the strength of the company, or the entire investment thesis. CRE is a good business to be in? They pick up a failed/bankrupt company that has never been a competitor to the leaders and this is a survival tactic? As if BGC has any prior experience in CRE? Oh wait, Howard says that they can trade/deal anything on their platform. What's next - toilet paper futures? They might have better luck with it.

    And, if things are so dire that we're concerned about survival, why in the world continue paying the unsustainable dividend? I'll tell you why - because it is how Lutnick and Cantor milk this cow dry. Then, once BGCP is facing delisting and is nearly bankrupt itself, Cantor will buy it for minimal cost...and do it all over again.

    In the mean time, Lutnick/Cantor get most of the dividends being paid, Lutnick gets his $10+ million annual salary plus benefits, and shareholders watch as their investment disappears.

    Just the place folks should be investing their money.

 
BGCP
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