Knight Capital (NYSE: KCG) has released its quarterly earnings, and in this video, Motley Fool financial analyst Matt Koppenheffer discusses the company's painful drop in tangible book value over the past couple of years. He highlights the one major error that the company made that cost it dearly and brought it very near bankruptcy, and he sees it as a healthy positive for society that it was the private market, not a government bailout, that brought the company back from the brink.
Motley Fool Returns
Stock Advisor S&P 500
Join Stock Advisor
Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list price is $199 per year.
Stock Advisor launched in February of 2002. Returns as of 09/23/2021.
Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return