kmca1989

Is There a Margin of Safety in Financials?

merrill lynch is ahead of the write-down curve for the industry. they have maybe 1 more write-down in the future, and then Thain and company will have the firm finally headed in the write direction. Regardless, @ $22-$26, there isn't a whole lot more downside to the price, and w/ Thain's management the future is bright.