Welcome to the dream team 9 to 90, page-15

@mars747 couldnt agree more. itll take them 3 years of OUTPERFORMANCE to PROVE "capability" again, before the ratings houses will give them the nod. until then, good luck a) outperforming and b) maintaining that for 3 years while FUM exits at a rate of knots.....

fact is, BB is depleting the cash kitty when it should be deployed at finding a t/o or merger opp. only way to grow fum now (existing funds wont do it).

Look at big brother PDL/PPT, years of bolt on acquisitions (separately) which shrouded the domestic weaknesses, added financial diversity and improved earning stability and even after all that PPT took over PDL to create a >200BILLION fully diversified powerhouse....yes mfg went down the barra path, but it needs FUM now - so buy it!!! PTM any1? or diversify further into asia, nth america, europe by picking up a "bargain" in any global region that would complement the current capability and help clients diversify (key to keeping $$$)? ask the clients what THEY WANT....then do it....sounds simple, no? instead they send a survey and offer biscuits

buy back - yes, it helped control the downward spiral, but still went down no matter what on every shocking FUM releaase, but an acquisition will turn it around as takes focus off the domestic outflow....

we all agree that fundies are "cheap" and have been punished of late - so what better time to buy one??

buy back - short sighted idiocy 101.