JEF has a buy on the boards together with its subsidiaries, operates as an investment bank and institutional securities company in the Americas, Europe, Asia, and the Middle East. It operates in two segments, Capital Markets and Asset Management. The Capital Markets segment comprises securities execution operations consisting of sales, trading, and research in equity, equity derivatives, convertible, high yield, and investment grade fixed income securities; and prime brokerage and investment banking service operations, which include capital market transactions, mergers and acquisitions, and other advisory transactions. It provides its clients, primarily growing and mid-sized companies, a range of financial advisory services, as well as debt, equity, and convertible capital raising services.
I would hold off on buying. Price is past projected 52 week high and we are in a crazy financial market right now. Buy on a pullback.
$20.51 (09/29/08)
