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: Joseph Silent who wrote (2460)	7/17/1999 1:03:00 PM
From: Chi-X	Read Replies (1) of 10027

Knight Earnings Preview per Individual Investor: iionline.com Knight/Trimark (NASDAQ: NITE - Quotes, News, Boards) just celebrated its first birthday as a public company. The market maker has spent its time wisely, blowing away estimates and growing like wildfire. After handily beating the Street's estimate for the last two quarters, we see no reason why Knight will not exceed the average call of $0.35 per share this time around. Single estimates range as high as $0.40, but just meeting the consensus would represent a 204% year-over-year increase. The company has been battling reduced trading spreads by adding to its lion's share (over 18%) of Nasdaq market activity. Knight is additionally beefing up its institutional business and is also the third largest handler of listed securities. The company just opened operations in London in an effort to establish Knight's international presence. With more than two bucks a share of cash in its coffers, the company has said that it is looking to make acquisitions. Knight's technological superiority will allow it to continually draw in customers and ramp profits with the most cost-efficient operation in the industry. Recently trading at $54.69, Knight is priced a 38.8 times a modest 1999 estimate of $1.41. The stock is up 357% year-to-date and is still trading down 33% from its highs. Look for the stock to regain some momentum after the company beats the estimate.

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