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7 pts

Opinion on  Merrill Lynch & Co Inc (MER)     Sector: Financial  >  Industry: Investment Services
The company is selling valuable assets-never a good sign

Jul 18, 2008 01:53 PM GMT
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Return Risk
-4.25% MID
Sr. Associate

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&...

MER sold a 20% stake in Bloomberg that it held since 1985 and a back office company.

When a company is selling assets as valuable as Bloomberg,it must be a sign of desperation.The damage done by Stan O Neal could be fatal to the company.With the markets cheering  the 4.9 billion dollar loss with sharp gains,I had to short.


MER:  This call was made on 07/18/08 @ $31.19
Rating:   Negative   $31.19 (07/18/08)
Gain/Loss:   +62.23% in 505 days


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Thomas George previously rated MER
Positive +0.00% Bullish on MER ...
07/18/2008
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