BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR Message Board

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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: BANCHEE who wrote (752)	6/12/1999 8:54:00 PM
From: Elroy	Read Replies (1) of 954

One I haven't seen discussed here. Are you folks aware that Toronto Dominion Bank (TD) is going to spin ~9% of its Waterhouse Securities subsidiary in about a month or so? Waterhouse is about as close to another Schwab as you can get, the #2 discount broker worldwide. The IPO $20-$24 values Waterhouse at $7-$8 billion. TD's whole market cap is ~$15 billion. If the Waterhouse shares take off like some Internet IPOs after the debut, that could move TD as well. Elroy

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