Seeing 6.8 billion go out the door not only means their best revenue stream has been diminished, it also means they're losing market share to the competition.
More Quotes from John Bonnanzio:
That number is very important for Fidelity because eventually it will reach the eyes and ears of investors who will see that Fidelity is putting up strong numbers.John Bonnanzio
If Fidelity decides to put its equity-fund managers in Timbuktu and they continue to deliver, the CEO of GE or whoever will continue to beat a path to Fidelity's door to make sure their story gets told.
John Bonnanzio
It's pretty clear that there are likely to be capacity problems as one gets north of 50 billion in assets.
John Bonnanzio
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