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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (30861)5/7/2008 10:43:11 AM
From: Grommit  Read Replies (1) of 78627
 
I did. 30.97 :o)
saw it going up on the open and did not hesitate. it should continue to go up over the next few days as the news is absorbed.
if they are smart, and they are, i think they wrote off everything they could, so that there are probable upside write-ups in future quarters.

they also snuck this in:
As a result of the office closures and other selective adjustments, we are eliminating about 80 positions, which is far fewer than the number of positions we added in 2007. We will now have over 240 investment professionals and approximately 600 total employees."
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