|Company name||Gleacher & Company Inc|
|Live stock price||[stckqut]GLCH[/stckqut]|
|Confident Investor Rating||Poor|
The following company description is from Google Finance: http://www.google.com/finance?q=glch
Gleacher & Company, Inc. (Gleacher) is an investment bank that provides corporate and institutional clients with financial advisory services, including merger and acquisition, restructuring, recapitalization, and strategic alternative analysis. Gleacher offers a range of products through its Investment Banking, Mortgage Backed/Asset Backed & Rates (MBS/ABS & Rates), Corporate Credit and ClearPoint divisions. It also provides capital raising, research-based investment analysis, and securities brokerage services, and, through the Company's ClearPoint Funding, Inc. subsidiary (ClearPoint), engages in residential mortgage lending. Gleacher operates ion four business segments: MBS/ABS & Rates, Corporate Credit, Investment Banking and ClearPoint. On January 3, 2011, the Company completed its acquisition of ClearPoint. In February 2013, it closed the sale of all of the assets of its ClearPoint subsidiary to Homeward Residential, Inc.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in Gleacher & Company Inc. It is not possible to confidently invest in a company that is not currently profitable.
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