May your money RIP. I have no sympathy for anyone who punts on this one.
Irreparable performance.
Losing clients.
Fee compression.
No monopolistic/brand strength advantage whatsoever unlike the things Magellan actually invests in (Microsoft, LVMH etc.)
An "investment bank" that invests in low-margin Mexican restaurants. For god sake. Lettuce and beans won't be paying your dividends.
This is not a company like Nike or Microsoft which have balance sheets and management teams with the foresight to reinvent themselves and target new markets. MFG was a one-trick pony and the pony just got shot by a crossbow between its eyes. Hamish was too slow to move, he should have started the journey of becoming a multi-manager like Pinnacle or BlackRock is a very long time ago.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)