Knight Capital
Discussion
So has anyone any thoughts about these rapscallions, a highly respected and cash generative brokerage sees it's algo software go haywire and collapse the share price, and for once it's not Man Grp. Knights $440m ( ouch ) loss was well publicised, but it's been refinanced and most of the volume seems to have stayed with them, at $2.50 a share it's a tad down from a 1 year price range of @ $20 a share. Ok so the share's have had a 40% dilution due to the rights issue, but still they seem cheap. Too cheap? Or a very good mid term investment?
What's yer thoughts?
What's yer thoughts?
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