oh dear mbl next stop 60 a share, page-11

I have deliberately adapted his motto to the investment world.

see below for a better insight. Phil green of BNB was on Lateline Business last nite to explain how he assesses new acquisitions and how his business model works.

there are factors causing the fall in the sp at the moment : overseas hedge funds liquidating in droves due to their losses elsewhere, margin call selling, short selling, staff selling.

this cheap price presents an entry point.

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JP Morgan's Saalmann Says Macquarie's Business Model Is Sound
By Gene Otani and Stuart Kelly
Aug. 7 (Bloomberg) -- Craig Saalmann, a Sydney-based credit strategist at JPMorgan Chase & Co., comments on the impact of the U.S. subprime loan crisis on Macquarie Bank Ltd., Australia's biggest securities firm.
On Macquarie Bank's business model:
``We like Macquarie for its earnings and we like it for its underlying model. There are some people out there, particularly offshore, that have speculated or questioned the earnings model and the pipeline going forward, and whether it's going to drive the earnings that we've seen previously. We think it will, we think the Macquarie model is a very sound one.
``More importantly we think it's misunderstood by a lot of offshore investors. At the same time, the company at its annual shareholders' meeting a few weeks ago did point to a very strong 2008 and a very strong investment banking pipeline. Certainly you've got to listen to management and what they're saying about future earnings.''