Hi @Chella Yes, I read the numbers. A loss of $40B in FUM has significant financial consequences for any funds management business. Any forecasts of $1.80 EPS based on FUM update today, on an annualised basis for Magellan, are delusional at best. Magellan have just dropped another $10B in two weeks. What is going to happen in March? A complete turnaround and an increase of $20B, I don’t think so. There is a low probability of a turnaround of the Magellan Fund Management business in the next two years. At the end of the day, it is your invested money to determine what is best. Best of Luck Lost
MFG Price at posting:
$17.78 Sentiment: None Disclosure: Not Held
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