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Non-Tech : TD Waterhouse Group (TWE)

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To: Ian@SI who wrote (692)	7/29/1999 8:14:00 AM
From: OverSold	Read Replies (1) of 1413

Bull-Market Report TWE Opinion!!!!!$$$$$ WATERHOUSE WATCH Here is a company Press Release: TD Waterhouse Tops 2 Million Active Accounts NEW YORK, July 27 /PRNewswire/ -- TD Waterhouse Group, Inc. (TWE), the world's second largest discount broker, today announced that it surpassed the two million active customer accounts mark. This represents a 63% increase in active customer accounts in the last 12 months. TD Waterhouse also announced that its customer assets under administration reached $113 billion, an increase of 85% in the last 12 months. Additionally, this firm's total number of customer accounts reached 2.8 million. In June 1999, TD Waterhouse completed an initial public offering. The offering was for approximately $1 billion. It was the largest IPO of an Internet-related company and the 14th largest IPO in New York Stock Exchange history. COMMENT: We stated Monday that we are going to buy this one if it hits the 20-21 level. The stock closed today at $19.12, up 5/8 on the day. When a firm is growing 60 to 80% with no real end in sight, we want to be a part of it. We like the company; we like the stock price and we are going to buy it. At what price, is the only question.

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