Raymond James for Sale

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Dec 6, 2008 4:56 pm

I've heard that RJ is up for sale because they have a large exposure to the auction rate security settlements.

Dec 6, 2008 5:24 pm

They are up for sale every day on the NYSE.  Didn't you know that?

Dec 6, 2008 5:27 pm
HymanRoth:

They are up for sale every day on the NYSE.  Didn't you know that?



LOL!


To the thread starter...
Where did you hear that info

Dec 6, 2008 5:32 pm

I remember something about spreading rumors.

Dec 6, 2008 7:46 pm

Hmmm, I do remember reading that one of the new guys being hired as a new branch manager was Rob Bugby, or Bob Bugby, or R. Bagby or something like that.  Could that mean anything?

Dec 8, 2008 9:08 am

Doubt they are thinking of selling themselves, but they are taking part in the bailout money.... makes you wonder.

Dec 8, 2008 10:23 am

Not justifying asking for CAP funds, but to not establish an additional line of unsecured credit at fire sale interest rates would be negligent on the part of management. (unfortunately its now the world in which we live).  Am I happy about it - No. Will it cause me to look at other firms who don't have their hand out? Yup. Of far greater concern is the ARS issue.

Dec 8, 2008 10:34 am

How bad is the ARS situation, and how solid is your info?  I'm hearing nothing at the regional level.

Dec 8, 2008 12:07 pm
Ferris Bueller:
HymanRoth:

They are up for sale every day on the NYSE.  Didn't you know that?

 
I laughed, but mostly at you.   You've obviously never been on a corporate board before.



No I haven't.  Have you?

How about if you share your wisdom with us as to why my statement was so laughable?

Dec 9, 2008 10:11 am

I heard that we were going after another B/D.  Tom James is not ready to hang it up yet.

 
IndyEDJ
Dec 9, 2008 11:09 am

Maybe they should go after WS from WFC - and in doing so set a record for retention bonuses within an 18 month period for FCs. Oh, wait, I forgot there has only been one (so far).

Dec 10, 2008 7:04 pm

I heard that Jim Weddle was seen late last week having lunch with Tom James...

Dec 11, 2008 11:14 am

I heard that John Bachmann and Doug Hill were seen having lunch with someone from Bank of America.

Dec 11, 2008 3:49 pm
LuvIndy:

I heard that John Bachmann and Doug Hill were seen having lunch with someone from Bank of America.

 
Let the SEC know as Doug has to stay away from EDJ as part of the settlement.
Dec 11, 2008 3:51 pm
imabroker:

I heard that Jim Weddle was seen late last week having lunch with Tom James...

 
Knowing both parties, It would be an interesting conversation.  Problem is that most EDJ brokers do not meet minimum production requirements for RayJay. ($250M Gross)  I would love to see it happen.
 
IndyEDJ
 
 
Dec 11, 2008 3:57 pm

I don't see EDJ selling out.  I doubt they would be buying anyone either.

Dec 11, 2008 4:53 pm

That wasn't Tom James, that was the ghost of Sam Walton... didn't you hear?  jones is buying WalMart... The storefronts won't be blue anymore, they'll be green, and the greeters are going to walk around neighborhoods knocking on doors to attract new business.  Then when the greeters suck at their jobs and can't hack it, they'll put them in charge of other greeters to teach them how to greet.

Dec 11, 2008 5:00 pm

I was right in the middle of writing that same thought underminded, but you beat me to it.  I need to retire from this board and let the newbies beat up on the green puke. 

Dec 12, 2008 9:21 am

HAHA oh c'mon Spears, we need you guys to show us the ropes!

Dec 12, 2008 9:36 am
IndyEDJ:
imabroker:

I heard that Jim Weddle was seen late last week having lunch with Tom James...

 
Knowing both parties, It would be an interesting conversation.  Problem is that most EDJ brokers do not meet minimum production requirements for RayJay. ($250M Gross)  I would love to see it happen.
 
IndyEDJ
 
 
 
True, we probably only have about 6,000 - 7,000 FA's doing more than that.  It's fact because about half of our FA's win trips, and that is around what you have to do in gross to win a trip.