What's Merrill's Next Move?

The much-anticipated ouster of embattled CEO Stan O'Neal may have left Merrill Lynch's (ML - Cramer's Take - Stockpickr) investors with more questions than answers.

Not least of these questions is what sort of firm Merrill will be after it has identified who will lead the high-profile U.S. securities firm.

The firm's rapid firing of O'Neal Tuesday morning came a week after the firm announced huge losses in collateralized debt obligations and other shaky paper, to the tune of nearly $8 billion. The firm announced a loss of $2.2 billion, or $2.85 a share, for the quarter -- nearly six times the size of the loss O'Neal had projected earlier in the month.

Read Full Article from TheStreet.com

- Posted: 2007-10-31 10:31:05

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