Skyline's Financial Picks in the Crisis' Wake
Skyline Asset Management's Mike Maloney discusses a bank and a securities-processing firm that emerged as attractive gems.
Mike Breen: ...and the crisis has brought opportunity, and we discussed before a firm [called] Penson Worldwide, and that's a similar thing, a financial-related firm that actually looks quite attractive even after last year. Maybe you can explain that firm a little bit.
Michael Maloney: Penson Worldwide is the number-five clearing and execution firm in the world. Basically, they work with brokers, hedge funds, trading shops to clear trades. Obviously it's a very important part of the overall stock transaction and option transaction process.
Michael Breen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.