based on? fundamentals or just chart? was historically propped...

based on? fundamentals or just chart? was historically propped up via BB, special divs, and dodgy acct (unwind of options). Now the ca$h kitty is almost empty....

$15.... in what decade?? may as well buy some of those $35 options and hope

id be extracting net client flows over the last 3 years if I were you. Its the ONLY measure of where this one is heading as that alone is the true compass of how asset managers are performing - clients vote with their $$$$ and here at MFG, it doesnt look good - zero signs of FUM flow stability.

[tip: its been negative each and every month, from massive client mandates pulled early on when FUM >$100bn to the steady -$200m (retail) to -$600m a month in both retail and insto FUM outflows. FUM is <1/3 of what it used to be and still in outflow each and every month from a client flow point of view]