MQG 0.17% $226.55 macquarie group limited

I agree, it used to be an amazing set and forget blue chip...

  1. 4,181 Posts.
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    I agree, it used to be an amazing set and forget blue chip growth story but my thesis is that that is over now. for all the talk of annuity style income, they failed badly during the covid period; a period in which fortunes were made in all the distressed priced shares and assets all over the place. How did they manage not to grow during a time like that??? They could have borrowed money and bought back their own shares and made more money than they did doing whatever caused them to shrink so much. I honestly don't get how they performed so badly. I will be shocked if they are not below $100 again in 2 years as everyone finally realises that the magic has left the millionaires factory.... I hope I'm wrong as I'll need to diversify more next year and it would be handy if mqg was a safe growth story again.
 
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