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Replies to post #14954 on Global Brokerage Inc. (GLBR)
03/13/15 5:17 PM
Analyst William R. Katz maintained a Sell rating on the stock with a $0.75 price target and said the company's equity value was "effectively zero even as management reconstitutes [the] business" once again.
03/13/15 5:21 PM
Katz added that it was difficult to model earnings because of a changing client base, a re-focusing on small retail FX clients and "the fair value accounting which will run through the P&L to account for the debt and economic rights given to Leucadia."
The firm expected an adjusted EPS (loss) for 2015 of $(0.05) and adjusted EPS of $0.03 in 2016. For 2017, the firm estimated adjusted EPS at $0.08
03/14/15 3:36 AM
03/14/15 3:36 AM
03/16/15 3:10 PM
03/16/15 3:14 PM
On March 12th, Citigroup analyst William Katz was still bearish on FXCM despite its decent Q4 results, maintaining a Sell rating on the stock with a price target of $0.75. He believes the company's overall equity value is "effectively zero even as management reconstitutes [the] business."
Overall, William Katz has a 72% success rate recommending stocks and a +7.9% average return per recommendation.
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