MFG 1.64% $8.42 magellan financial group limited

yeah you cant trust them.i recall hamish saying to the effect...

  1. 1,113 Posts.
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    yeah you cant trust them.
    i recall hamish saying to the effect that flows werent important because they were a rounding error to FUM. this was at august.

    a few moments later. . .

    24.5B outflow in a single quarter.

    i dont think they have the guts to fix up the leadership. axe the egregious fees. and keep the staff motivated after blowing up the stock price.

    its like a leaky boat with a hole in it. instead of fixing the hole hamish wants to stay as captain and fill it with more water using a tea-cup.
 
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