when you roll in all the other revenue/income that the funds give mqg like advisory fees, structuring fees, financing fees, profits on sale etc; the figure is far far greater and shows how captive they are to their funds, just like babcock and we know how that one has played out
unlike babcock they have a 3rd party business that you allude to but that business is getting battered from pillar to post and alone cannot support the corporate debt that the bank has
so the only way they survive is to downsize and sell assets; which has a domino effect of reducing prices and values; a devestarting spiral that is hard to get out of
i would not be surprised if the layoffs start before xmas, it is that brutal out there
MQG Price at posting:
$22.35 Sentiment: None Disclosure: Not Held
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