Replies to post #16507 on Global Brokerage Inc. (GLBR)

[Crusen]

Yes, of course all those numbers are rough estimates with significant leeway for reality.

Anyhow, Friday was an amazing buying op for puts, wow~! I'm not sure why anyone bought this knowing full well it suffered a Black Swan Event Q1.

Pretty obvious what the financials were going to look like, imo, and they did not disappoint!!!!!!!!!!!!!!

Not sure *who* expected only a 1 cent loss...

FXCM, the brokerage almost undone earlier this year by an unprecedented move in currency markets, reported a net loss of $9.06 a share in the first quarter.

Wall Street was expecting a loss of 1 cent.

http://nypost.com/2015/05/08/no-luck-for-leucadia-fxcm-loses-a-bundle/

Of course Leucadia will get theirs whether it is through selling off more assets or whatever...Very tight Loan Agreement they wrote.