• Most Popular
  • Most Shared

MF Global could be worth $10 a share-Barron's

Sun Aug 10, 2008 12:08pm EDT

Stocks

   

NEW YORK, Aug 10 (Reuters) - Shares of futures and options broker MF Global Ltd (MF.N) could be worth $10 in about a year, after first-quarter results showed the company was not losing clients and was impressively cutting costs, according to an article in the Aug 11 edition of Barron's.

Stocks  |  Bonds  |  Global Markets

The company's shares were hurt badly earlier this year by a rogue broker scandal, regulatory missteps and a dilutive recapitalization, the report in the weekly financial publication said.

Barron's noted that Rich Repetto of Sandler O'Neill expects the company to earn 95 cents in the current fiscal year, and calculated that the shares are at 85 percent of tangible book value.

MF's shares closed at $7.31 Friday on the New York Stock Exchange. (Reporting by Euan Rocha, editing by Maureen Bavdek)

Stocks
Bonds
Global Markets


More from Reuters

Photo

U.S. probing if al Qaeda linked to airplane incident

WASHINGTON (Reuters) - The United States is investigating whether al Qaeda was involved in a Christmas Day attempt to blow up a passenger jet, but there is no early evidence the Nigerian suspect in the case was part of a larger plot, the U.S. homeland security chief said on Sunday. | Video

» More Top News
A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

U.S.
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets