New CEO In Tow, The Worst Is Over for Merrill Lynch
MER is preparing to announce that John Thain, the CEO of the New York Stock Exchange, will become the next CEO of Merrill Lynch.
The first step to recovery is hiring the CEO. The second step will be cleaning up the books, which we have discussed earlier.
In the midst of this, I believe the worst is over for MER and I am a buyer.
Disclosure: As of publication I am long MER. I am not a professional, but I am trying this at home. It is highly recommended that you consult a licensed financial advisor or broker before making any and all investment decisions.
