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Duff & Phelps Corporation Class Message Board

  • kkhater kkhater Nov 10, 2009 1:08 PM Flag

    Saw This on Cramer - Scam written all over it.

    OK...I about died when I saw this thing...major scammers. Here are the red flags:

    1) They don't make anything.
    2) They sell alibis. Alibis?!!!? Well, seems there was an alibi system for the bond market. Boy a AAA rating sure does offer some assurances. There was also an alibi system for Madoff investors, it's called the SEC who investigated him and found nothing major going on. How did that work out for us.
    3) Finally and most importantly...did you see the executive salaries...they are absolutely astonishing. Let me get this straight...this company has 80 million in cash, no debt, and they give investors a paltry 10 cent per share dividend amounting to a total of 2.4 million...AND THE CEO MAKES 1.6 million...I haven't even gotten to the rest of the individuals. This is disgusting...they pay themselves much more than the investors even when the coffers are chock full of cash...they have no intention of giving you that money...they are trying to figure out a way to give it to themselves.
    4) How do you expect a company who is so dishonest with shareholders to be honest when assessing hedge funds. They have no credibility.

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