ROE, I am not saying I have doubt on the long term prospect of this company. The reason I was worrying is that this quarter did not perform as I expected and that spurs me thinking there might be something I missed in the original analysis.
Asset management is a wonderful business if you are in at the right time, but it can hurt you very much when FUM starts declining. As I said, I am wrapping up my questions and will call management next week. I will update you guys as soon as I become more informed.
FPS Price at posting:
$1.63 Sentiment: Hold Disclosure: Held