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Non-Tech : TD Waterhouse Group (TWE)

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To: Stormweaver who wrote (477)6/24/1999 12:07:00 PM
From: Confluence  Read Replies (1) of 1413
 
Hello James,

From the Information memorandum (not so confidential), the underwriters show TWE with a multiple (price to LTM? pre-marketing EPS) of 91, vs 77 for Schwab (at 101), 111 for Ameritrade (81), 171 for ETrade (37.69) and 123 for DLJdirect (29.50).

Too bad I don't know what "LTM" means.

Best Luck,

Confluence
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