has anyone else considered buying calls in MQG (the aus stock Macquarie Group)? its been unfairly punished simply as its an ibank in the last few weeks. difference is, it actually has the cash to make it through the credit crunch. feb 09 calls with an ep of $40 are trading at $2.50. thoughts??
rather go to vegas
MQG has jumped 40% today to $36.78 as of 1:30 pm on Friday, so you may have missed the boat (though who knows what it will on Monday…)
I love this company’s strategy. Infrastructure funds are doing quite well, great investments for institutions seeking diversification which makes them hugely popular.