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Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD)
AMTD 0.984-1.6%12:37 PM EST
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To: Steven Angelil who wrote (187)1/15/1998 5:20:00 PM
From: Gil Gilbertson  Read Replies (1) of 1848
 
For your information, Etrade never really took off until they had an
increase in their shares thru a secondary offering. l believe the same
will hold true for AMTD. They do not have enough shares for the funds to get a major position so they need more stock. Secondly, they need operating capital to fund their extensive advertising and capital equipment program. They are doing a lot of business, and adding a lot of accounts. The revenues will expand soon, but the bottom line will take till midyear . As they get a large asset base and the revenues derived therefrom, the earnings should follow in good order ... IMO. Yankee Gill holding tight....
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