I look forward to you tagging me, if your theory ever comes to fruition.
I'll remain Magellan's ultimate down-ramper, because:
- Magellan has no tangible business turnaround strategy
- Magellan has negligible growth optionality (Barrenjoey is too small, and won't become a Macquarie tomorrow)
- Investors are gambling on its funds outperforming so that flows return, which is pretty much a "coin toss" guess
- ETFs are disrupting active management, and more and more investors (like me) are asking: "Why should I pay an active manager 1%, when I can do it alone or pay 10 bps to an ETF?"
- Magellan's reputation remains in tatters, and the mandates won't be coming back
GLHF - you'll very seriously need it.
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I look forward to you tagging me, if your theory ever comes to...
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$9.08 |
Change
0.150(1.68%) |
Mkt cap ! $1.642B |
Open | High | Low | Value | Volume |
$9.10 | $9.15 | $9.01 | $1.316M | 144.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1625 | $9.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.08 | 1929 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1247 | 9.070 |
13 | 4607 | 9.060 |
11 | 3176 | 9.050 |
9 | 4513 | 9.040 |
7 | 5240 | 9.030 |
Price($) | Vol. | No. |
---|---|---|
9.080 | 1865 | 16 |
9.090 | 4812 | 19 |
9.100 | 5104 | 16 |
9.110 | 2207 | 11 |
9.120 | 5918 | 12 |
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