FXCM: A Contrarian Buying Opportunity?
Simit Patel | Jan 24, 2015 11:51PM ET
I should note that I'm a former employee of FXCM (NYSE:FXCM), and thus am influenced by my perception and my knowledge of the executive team. Basically, in spite of the damaged balance sheet and prospects of regulatory constraints that will limit growth opportunities, I still see a crashed market that offers a contrarian opportunity and an executive team that I know personally and believe in. I'm betting on management here to find a way, and am seeing the company's ability to maintain operations as usual as a reassuring sign of management's competence. The crashed price makes buying a small position a pretty low risk, so I'm long at 2.32.
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