"The firmâs futures unit could sell for around $765 million, equivalent to $4.60 per diluted share," what does this # say about the rest of the firm? how does the market conclude that the co. should be selling for $1.40/share. thx for any assistance in showing breakup value.
Have you tried to make sense of the MF Global balance sheet? They have $41 billion in assets and only $1.2 billion in equity. A 3% bump in the night and they are burnt toast. I set up a complex spreadsheet analysis of MF Global assets and liabilities and it comes to the conclusion that Jon Corzine is worth minus $10 a share.
Talk to Advantage Futures. They cater to high volume traders. Their published rate drops to 7 USA cents per side after 10,000 sides a month. They will negotiate custom rates for high volume traders.
http://online.wsj.com/article/SB10001424052970204528204577008090428088540.html?mod=djemalertDEALS "MF Global, Imperiled by European Bond Bet, Nears Deal With Interactive Brokers" Under the tentative plan, MF Global's holding company would file for bankruptcy protection, the person familiar with the matter said. Interactive Brokers would then likely make an initial bid of about $1 billion during a court-supervised auction, the person said, though the deal was described as complicated and that number could change.
yes I saw that on Bloomberg TV but haven't seen an article about it yet. also (old news) the stock is halted