Merrill Lynch & Co (US) (MER) Buy, Sell or Hold

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Merrill Lynch & Co (US) (MER)

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SELL

(Market Call Minute.) You don't want to touch any US financial.

COMMENT

Being acquired by Bank of America (BAC-N) through shares. If you own, take the shares. In a couple of years, it will be higher and in the meantime you'll get a decent yield.

PAST TOP PICK

(A Top Pick Sept 20/07. Down 73%.) Sold his holdings on January 31st at $56.22. Not sure if this one will make it. His model price is $7.00.

DON'T BUY

His model price is $35.94. That is a -26% differential. Fundamentals have deteriorated.

TOP PICK

Has a new CEO who should be a catalyst for a turnaround.

PARTIAL SELL

This whole sector is dangerous. Its saviour is eventual U.S commercial bank transition to Canadian form (Citigroup owns big brokerage firm) There is further downside.

DON'T BUY

On a price to book basis got down to the level that it bottomed to in 1998. The big question that is overhanging everybody's mind is, what is the integrity of their balance sheet like. Thinks there is going to be a bloody battle on legal grounds.

PARTIAL BUY

Got rid of their CEO who they replaced with a man that used to run the NYSE. You'll have to wait till these things bottom out. You can start buying them slowly.

BUY

A great financial at a discounted price. Made some mistakes. Got into the mortgage related businesses to deeply and are now paying the penalty. Cheap at 1.5X Book.

TOP PICK

He has a model price of $86.44, a 60.5% positive differential. They finally have a CEO, which is good news. Financial CEO’s are being replaced by Risk Managers, so going forward they will be building their balance sheets.

DON'T BUY

Will be affected like all US financials and brokerages with the subprime or asset-backed securities. The overall sector remains quite weak.

DON'T BUY

US financials are too volatile and you are just guessing. There are better places around the globe.

DON'T BUY

The sell off has probably been a little overdone, but there is still quite a bit of risk in this sector. Still not clear as to the extent of the damage.

BUY

They kicked out the CEO and he is waiting to see who the replacement is. Doesn't know why it is taking them so long. His model price is $93.54, a 46% positive differential. This is the June balance sheet so the $2 billion loss is not reflected. $61.50 would be an outright screaming Buy.

DON'T BUY

Only one of the investment banks to cover itself is Goldman Sachs. It’s not a time to go contrarian. Worse is still to come.

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Merrill Lynch & Co (US) (MER) Frequently Asked Questions

What is Merrill Lynch & Co (US) stock symbol?

Merrill Lynch & Co (US) is a OTC stock, trading under the symbol MER (previously MER-N on Stockchase) on the (). It is usually referred to as or MER

Is Merrill Lynch & Co (US) a buy or a sell?

In the last year, there was no coverage of Merrill Lynch & Co (US) published on Stockchase.

Is Merrill Lynch & Co (US) a good investment or a top pick?

Merrill Lynch & Co (US) was recommended as a Top Pick by David Baskin on 2007-09-26. Read the latest stock experts ratings for Merrill Lynch & Co (US).

Why is Merrill Lynch & Co (US) stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.

Is Merrill Lynch & Co (US) worth watching?

In the last year 0 stock analysts on Stockchase covered Merrill Lynch & Co (US). The stock is worth watching.

Most Recent Experts

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Stephen Weiss, Founder, Short Hills Capital Partners

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Merrill Lynch & Co (US) (MER)