Look in any Sunday paper under the mutual fund section and you will see their B share section listing volume trounces their own and any other fund family A or C shares.
Now the dilema - How does a company that sells slug B shares in mass quantity to the public balance their pristine wanna bee appearance as the kingpin of the high finance world. One of these has to go and I assume it is the scuzzy brokerage per Macky the knife.
thats my call. w/ the cronyism legacy of purcell being carried by mack when he promotes his arab buddies over capable bankers, tells me there's an uncomfortably high chance of hidden loans and accounting scandal here too. add a corrupt or at least incompetent and enabling board and who knows what skeletons are buring mwd's closet just waiting to rise from the dead and bury this place.
consider refco went from something like $30 per share to who knows what since it's stopped trading. last print was at $7.90. will be just pennies on the dollar if refco files for bankruptcy which is what many analsysts are seeing.
i have positioned mwd in my portfolio accordingly and i strongly suggest you all do the same.
imho, of course
When I was with MWD in my office of 40,000 client accounts there were only about 20 million dollar accounts and about 125 million dollar households. The big money is not at MWD that's why they are feeing clients to make profits. Bad bussiness model=big money leaves in droves.