SIEB jumped to 23-25 range on news of its coming 4-1 split increasing its tiny 100k float to meet new nasdaq requirements. If it remains in this range post-split SIEB will trade around 6 - with a float of 500k- this for a discount brokerage that offers online trading and according to this AM's NY Times also offers a much sought after service, pre and post market trading (from 8;30 AM- 5:15PM) at no additional cost.
nytimes.com
Further SIEB is profitable ,.14 last quarter AND they paid a .09 divd. Muriel Siebert apparently owns 97.5% of the outstanding- which she presumably must file with the SEC to sell- meaning that only about 125k shares are not owned by her.
So how much is an online discount brokerage with a 500k post split float that's profitable and has a record of paying divd worth? More than 6 post split to be sure
Looks too cheap to me. Adding tomorrow |