I would not be surprised if nite at some point offers a token dividend to attract long term holders of its stock.
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I too had thought of this possibility. The company seems to have more cash than it can reasonably spend.
Another item from the article, one that I particularly liked, was how cheap KP is, particularly vis-a-vis company digs.
Lastly, I rather like owning a piece of a trading company (i.e., one that, beyond being a market maker, also trades for profits). It must be the reformed, former, day trader in me.
Really lastly, one thing that the Fortune article didn't mention was the impact of decimalization. By narrowing spreads, it will drive still more marginal players out of the market making business, abandoning additional market share to NITE.
Gary Korn |
