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As an investment bank, the Company is a global trader and underwriter of securities and derivatives across a range of asset classes, and it serves as a strategic advisor to corporations, governments, institutions and individuals worldwide.
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EviLucius (79.40) Submitted: 5/12/08 12:12 PM : Start Price: $46.16 MER Score: 6.98
I think they've underwritten one too many bad securities. There's many more real estates deals expected to end up in foreclosure in the upcoming year or two. In the short term MER still has further to drop as they continue to write off bad debts. Rating Bear in the short term and Bull in the long term (4 plus years).
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