Sound advice on how (and if) the mutual fund scandal will affect individual stocks
Q. With all the news about institutional investors dumping mutual funds implicated in scandals, how concerned should I be? Some of the names mentioned in the press hold significant positions in our stock. Thus far, our stock appears unaffected but if institutions continue to move out of these funds and the firms in turn continue to sell their own shares, I assume our stock price will suffer.A. Amid the barrage of negative news about irregular trading, it's important to keep perspective. The
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