Knight/Trimark Group, Inc. Message Board

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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: Sir Francis Drake who wrote (3426)	8/12/1999 1:52:00 AM
From: Gary Korn	Read Replies (1) of 10027

Accordingly, I will now look to exit my longer term investment* positions in NITE* I, for one, will miss your extremely insightful posts if/when you stop posting upon liquidating your NITE investment. Beyond that, I don't see the cancellation of the stock repurchase program as something that would warrant the closure of this investment. NITE was trading somewhere between 2 and 5 last October when the buy-back was announced. While the stock has now been hammered down to 32 (and was considerably higher when the buy-back program was cancelled back on July 21), that is nothing compared to a price of about 5. Things change. Anyway, with a forward p.e. of 15 on a company with fairly rapidly growing revenues, I think the stock will take care of itself. No buyback needed. Gary Korn

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