Waddell & Reed Financial, Inc. (NYSE:WDR)
The Company conducts business through its subsidiaries and provides investment management, investment product underwriting and distribution and shareholder services administration to mutual funds and institutional and separately managed accounts.
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Waddell & Reed, as compared to other investment managers and brokers, has chosen organic growth instead of acquisition and has shown tremendous financial and operating discipline over the last few years.
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Because I said so
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Fool screen with ROE high, ltDepbt=zero, earnings up for 3 years 10%, etc. Market is around 1300 - I see support at 1200 although we are in downtrend and Europe is scary. It's a game - hope for the best.
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WDR was made the scape goat by the polititians responsible for market oversight. It's like blaming the last car driving onto the bridge for its collapse! The press distorted cause and effect; the market over-reacted. Business model is very sound and profitable.
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One of the only investment banks or banks period that I feel comfortable backing. All the numbers for WDR are awesome and they are fairly priced as of late.
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It's all in the earnings. Looking back it's always up.
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Clean balance sheet. Consistent growth.
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One of the smaller of the big players on Wall Street has changed gears. Investment performance is solidly growing. Sales force retention is far above industry. Concept makes sense to clients and they don't go away.
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Someone is always suing them. Litigation hurts the bottom line, but the keep paying dividends.
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