Macquarie’s worsening performance and lacklustre return on equity is the inevitable result of a business that has lost its primary competitive advantage.
Merril lynch
Merrill Lynch says sell Wesfarmers, risk “too high”
Merrill Lynch has issued a very strong “sell” recommendation for Wesfarmers following the company’s $2.5 billion rights issue to help fund its $18 billion aquisition of Coles, writes Glenn Dyer.
