GFI Group Issues Statement on Credit Markets
GFI Group CEO Michael Gooch issued a statement on Wednesday discussing the state of the OTC credit markets. As I had just posted earlier that same day essentialy begging the company to reach out to shareholders, I take the result as a low to medium on the usefulness scale. I was hoping for a frank [...]
Note to GFIG - Contact Your Investors
Putting out a statement would do wonders for GFIG shares at this point, regardless of the content of the news. I am expecting to hear the worst, that 75% plus of their credit derivatives business has been lost and deleveraging has massively outweighed higher volatilities (as to their net effects on company profits):
I will have [...]
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