RE:BNN marketcall Stephen Takacsy, president He said a lot!
(1) they have a position in equitable (intro)
(2) it's a turnaround with new exec
(3) it will get taken out at some point.
(4) they did receive offers, but board felt they were too low.
This is a train wreck with low ROIC relative to less terrible banks. The time to buy Wells Fargo was shortly after the wheels fell off, not before.....