Here's a hint that EPIC TAX BREAKS GRANTED BY MAYOR & COUNCIL might not be enough to keep a longtime local biz from getting chopped like a cheap stolen car.
More deets for subscribers as coronavirus economic collapse and governments printing money like toilet paper reminds us that most of what the suits tell us about the economy is simply part on an ongoing credit ponzi scheme and the good old fashioned capitalistic greater fool theory . . .
JPMorgan takeover rumors send Waddell & Reed stock higher - Kansas City Business Journal
The stock price for Overland Park-based Waddell & Reed Financial Inc. hit a 52-week high of $18 a share Wednesday amid rumors that a giant bank is interested in acquiring the company. The stock (NYSE: WDR), which hit a 52-week low of $9.87 in March amid the national Covid-19 pandemic shutdown, has rebounded dramatically since, trading around $17.50 on Thursday morning.
Please don't slander capitalism. Capitalism is a profit AND loss system that requires sound money and moral hazard. I don't know what we have, but it ain't capitalism.
ReplyDeleteInvestors are finally figuring out you can't give a fund 1% of your assets to compete against every other fund doing the same.
ReplyDeleteWaddell and Reed, whose motto is "Taking care of your money (till it's gone) since 1937", hasn't been a local Company since it was sold to Continental Investments of Boston in 1969.
ReplyDeleteThe Ivy group, the Ivy Group! Whats to become of the Ivy Group?
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