News Focus
News Focus
icon url

fourkids_9pets

05/13/11 7:49 AM

#5488 RE: fourkids_9pets #5479

Penson Worldwide Slides 21%, But Off 52-Wk Low, on Risks It Will Lose Customers
BY Midnight Trader


— 1:44 PM ET 05/12/2011
01:44 PM Eastern Daylight Time, 05/12/2011 (MidnightTrader) -- Penson Worldwide (PNSN) is lower after a JP Morgan Chase analyst says PNSN risks losing customers after because it may have to take a writedown on $97 million owed by customers, spurring concern about the company's balance sheet. The amounts owed are equivalent to almost a third of PNSN's shareholder equity, Bloomberg reported. Shares hit a 52-week low of $2.73 earlier. Price: 3.09, Change: -0.84 , Percent Change: -21.37
http://www.midnighttrader.com

===
funny thing about *karma* .. eventually it comes due
in october 2009 .. *rumors* swirled about KNIGHT <NITE NOW KCG>
that still haven't *abated* and their stock has never recovered
from the 11 - 12 buck *haircut .. er .. short* .. that kicked in due to
those rumors ..

can't wait to see if even one tenth of the *stuff* rumored
against penson is revealed in 2011 .. if knight is a guide
<where the sec is concerned> my guess is *maybe* by 2015 ;-)

==
4kids
all jmo