only reason im still here really noom (the opportunity to claw some back - strong believer in the funds industry - have both ppt and pdl as major core holdings), but given the magnitude of the FUM nose bleed & future earnings at risk- i still think its overvalued - i too may re-enter, just dont think its anywhere near the buy zone yet. their small buy back allowed the sp fall to abate, but unless they stabilise FUM in this qtr......and how will they grow it??
falling knife scenario - looks like its got a little further to go....divi will prop it up a bit, but what happens ex-div (is the div really worth it?)
forgot theyre announcing FUM updates monthly now (and putting the golden "client flows" as a footnote - should be interesting to see TRUE Aug client flows without the shroud of mkt and FX gains!)....
MFG Price at posting:
$14.12 Sentiment: Sell Disclosure: Not Held
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