MF Global stock down 35%

Quote from Landis82:



Client assets at $15.4 billion as of the end of May vs $15.3 billion at the end of March.

Doesn't look like anyone has pulled any money out.
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famous last words.:)

They may not BK but if the financials unravel again this puppy is gonna get trashed.
 
Quote from LaszloChi:



I'm not going to post the entire article from my terminal, i'm sure bloomberg's website has the same article
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It is refreshing to see some one back up their posts with facts. :)
 
MF did have a nice spike at the end of Thursday's session, yet I am surprised by the big volume in premarket this morning.

Any new news on MF?
 
From the Yahoo messageboard (of all places):

08:56 MF MF Global tgt cut to $11 from $17 at Deutsche Bank; says uncertainty about MF prospects has increased - Bloomberg
 
Quote from PohPoh:

right..they should..
but what can you put past anyone these days..

My point was not that Man was going under and all you guys trading with them should be worried..

But the implications of a firm like that, perhaps having ENORMOUS derivative exposure, or something of the like, could crash the stock..
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Given your logic, no one would have any funds at Goldman, Morgan, UBS, Deutsche Bank, etc.

(And what firm do you have YOUR funds with? )

As a previous poster stated, the equity value of the stock has nothing to do with customers getting back their "segregated" funds. I had $50,000 at Refco and it was wired-out to me after the fact. Not an issue at all.
 
Quote from Cutten:

The point is, you were implying Man are fraudsters, yet you didn't cite any evidence. Allegations like that need to be backed up.

Refco was an accounting fraud. Do you have anything you can point to that suggests Man is the same?
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Exactly.

He has nothing to suggest that Man is suffering from accounting fraud. He also shows no understanding whatsoever about "segregated" funds, or the fact that regulated "segregated" accounts at REFCO were made whole. ( I should know, I was a customer there ) .

But hey, let's throw the name REFCO out there to scare everyone.
 
Quote from m22au:

It's not good PR when you do convertible financing at 9%.
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Just curious.

What do YOU feel the market-rate should be for convertible financing for a company with a Moody's "Baa1" rating on long-term paper?
 
Quote from Landis82:

Given your logic, no one would have any funds at Goldman, Morgan, UBS, Deutsche Bank, etc.

(And what firm do you have YOUR funds with? )

As a previous poster stated, the equity value of the stock has nothing to do with customers getting back their "segregated" funds. I had $50,000 at Refco and it was wired-out to me after the fact. Not an issue at all.
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The stock has nothing to do with seg funds..
I understand that..
Believe me, I do..

I've got my money all over the place...

Given my logic, people SHOULD be concerned where they keep their money...aren't you?

Buying puts on Lehman because it showed similar activity to what Bear did prior to it's collapse is NO DIFFERENT than what I am suggesting here..

Collapsing Man stock may be nothing..just a short term sell-off...Or you can take off the rose-coloured glasses and try to extrapolate...

Extrapolating can lead to losses...or it can lead to 'I told you so'...that's the game we play...
 
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