Post by
gibbonsj on Aug 15, 2014 10:12pm
More than the difference between same period 2013 numbers
was the Knight's Bridge wind down that caught people by surpirse. I'm pretty sure many had not even heard of it. BUT, its all going according to their master plan which is to divest of everything that is not Street Capital and the bank application. When you look at the bod's skill set its clear what they're going after so koodos to them for staying on target, as unpleasant as it is. There was substantial growth from Q1 numbers, was it not 30%? I think if it had not been for KB sp would have held its own. Now we have to wait for the dust to settle.
If you are familiar with KB's fund you may agree that they made some whack investments. That's not to say there aren't a couple of standouts that seem to be doing well enough on NASDQ but overall I'd say that the nature of the fund leaves you wondering if they would share some of what they were smoking at the the time.
GLTA