the next one to get hit by subprime, page-20

risk reward for MQG is $54 downside should it lose all it's heavily debt ladden funds - MCG, MAP and MMG ie a 40% lose of assets and earnings
the upside is about 40% from here too.
So worst case scenario you lose $20 best you make $30
Chance of worst case scenario happening - not much. Merrill Lynch says debt not a problem due to
refinancing 2010 and hedging on 70-90% of loans

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JP Morgan 14-Dec-07 1 Overweight $114.01
Aspect Huntley 07-Dec-07 1 Buy - -
Merrill Lynch 15-Nov-07 1 Buy, Medium Risk $95.00
ABN Amro 14-Nov-07 1 Buy $110.00
Citi 14-Nov-07 1 Buy $104.44
UBS 14-Nov-07 1 Buy $100.00
Credit Suisse 14-Nov-07 1 Outperform $115.00
Deutsche Bank 14-Nov-07 1 Buy $105.00