Guess what? This is another one that I did a buy, and spin off.
Ps
Sooner or later this con, will turn, and catch us! As long as I'm first,second or 3rd to close the gate, who cares? Only U Al.
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New York, June 30 (Bloomberg) -- National Discount Brokers Group Inc. rose as much as 25 percent to their highest point in six weeks after analysts at US Bancorp Piper Jaffray estimated the share price of the tenth-biggest Internet broker will almost double in the next year.
Jersey City, New Jersey-based NDB's shares rose 8 5/8 to 53 7/8 as 4.6 million shares changed hands in midafternoon trading, more than triple the three-month daily average. Earlier, the shares reached 56 1/2. The stock jumped 26 percent yesterday.
Piper Jaffray analysts Stephen C. Franco and Timothy M. Klein today began coverage of NDB with a ''strong buy'' rating and said they expect the company's stock to reach 90 in the next 12 months.
The company can aggressively market its online brokerage for the first time after overhauling its Web site to include features that will appeal to a wide range of investors, the analysts said. NDB plans to spend about $30 million on advertising over the next year, they said.
Deutsche Banc Alex. Brown analyst James Marks yesterday said he expects NDB's stock to reach 100 in the next year. NDB last week sold 2.6 million new shares at $33 apiece, raising $85.8 million for advertising and computers.
The company's shares traded at 8 1/8 as recently as Oct. 14, and reached a record 86 1/2 on April 13.<<
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