Investment banks that take a more aggressive leveraged approach to achieving higher returns always fall prey to a savage market. Investors are voting with their cash selling down knowing that the returns of the past will not materialise in the same manner for silver dough. Great buying once things bottom out but this will take a while to get back to normality.
Fundamentally we invest in companies that will generate sufficient cash and pay a dividend ... the better able they are at this, the more of a premium they command. If they cannot generate cash or end up taking significant losses, the company isn't worth as much going forward, no matter what the past looked like.
Lehman, Bear Sterns etc, blue chips of their time. Investment bankers. Greed. Leverage. Dangerous.
MQG $150, page-335
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Last
$203.40 |
Change
0.520(0.26%) |
Mkt cap ! $77.70B | |||
| Open | High | Low | Value | Volume |
| $204.18 | $204.49 | $202.50 | $105.9M | 520.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 827 | $203.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $203.43 | 109 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |