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Text size [+][-]  Saturday November 7 2009GLOBAL EDITION

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16 Jul 2008 21:13

Pieces of Merrill

By Antony Currie

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Merrill Lynch reports second-quarter earnings after stock markets close on Thursday. Analysts expect a net loss of $1.91 per share, according to Bloomberg.
Merrill Lynch offers the starkest example. It’s now worth about half the value of its holdings – excluding its trading businesses. This may be bull-market thinking, but it’s hard to see how Merrill will screw things up this badly going forward.

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