I'm not terribly excited about the company ... but it was a good quarter.
More Quotes from Ken Worthington:
Generally I'm pleased from a shareholder perspective with what's going on. They've made a significant restructuring, which will result in significant cost savings, much of which will fall to the bottom line. This breaks them out from being a very inefficient, large brokerage house.Ken Worthington
They can just wait until the weaker players go out of business and those customers will go to one of the dominant players.
Ken Worthington
No one won in the past market environment. A lot of people will be changing chairs.
Ken Worthington
Lehman is the winner so far this quarter. Lehman has a bigger fixed income business proportional to the size of the company.
Ken Worthington
I think (the European investments are) something they need to do, but we haven't seen the benefits from their investment yet. I've seen better progress at other firms.
Ken Worthington
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