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Jefferies Group, Inc. Message Board

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  • mikeylikesit33_99 mikeylikesit33_99 Dec 16, 2011 8:34 AM Flag

    4th Quarter

    You said the same thing I did but in reverse.

    gain will be better than .30 but then you minus the purchase and you end up in the teens.

    But hey, you gotta spend money to make money. A commodity subsidiary should help Jefferies be a well rounded investment firm.

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    • without the Bache acquisition-related items (with bargain accounting you can add the difference between the enterprise value of a company and the price paid to your earnings) Jeffries had .10 a share net income. seems like a lot of people are getting all hyped up thinking that JEF is about to report a quarter with north of .30 net income which is not the case (tho i certainly hope they do).

      at the end of the day, this is a great company, and with a market cap that almost equals their cash and cash equivalents, it is clearly wayyy undervalued, and on the wishlist of every major bank (RBC especially) bc at the end of the day, cash is king, liquidity is king. Everyone should support this company, as they are one of only a handful of financial institutions that actually has their customers best interest.

      its so sad, and even more frustrating that in todays world, the citigroups of the finance industry can defraud customers, literally set up billion dollar scams structured specifically to steal the money of their clients and get a $200 mil dollar fine, which is equivalent to you or me paying a 5 dollar fine. i dont even know if that qualifies as a slap on the wrist. whats even sadder is that people would actually continue to keep there hard earned money with these companies that knowingly stole their money. people, do the right thing, and leave the goldmans (one of the most corrupt companies ever), citi's (money launders, and defrauders, and open an account with a company that didn't take bailout money, a company that will always keep your best interest in mind. JEF is a good place to start looking.