MF Global down 60% right now

Discussion in 'Stocks' started by Daal, Mar 17, 2008.

  1. Buddha_E

    Buddha_E

    #71     Mar 17, 2008
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  2. mokwit

    mokwit

    Stock price in the market does not count for accounting solvency purposes. MF has USD10.8bn equity

    Balance Sheet
    Total Cash (mrq): 46.66B
    Total Cash Per Share (mrq): 388.595
    Total Debt (mrq): 24.34B
    Total Debt/Equity (mrq): 18.813
    Current Ratio (mrq): 0.992
    Book Value Per Share (mrq): 10.812


    NOW, the question is, is that USD46.66bn cash as per last reorting date still there (or is it gone?) and is it, and other assets enough to offset debt of USD24bn?
     
    #72     Mar 17, 2008
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  3. gapellegrini

    gapellegrini

    Hi to all,



    I have been thinking about segregated accounts and I believe that if the FCM can’t use the client’s money on the segregated account why they pay interest on this money? If they pay interest I believe they are using the money to do whatever they want and the segregated account is not 100% safe. Someone agree with me? Do you believe Tbills on the account are safer? Any opinions are welcome.



    Regards
    gapellegrini
     
    #73     Mar 18, 2008
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