At worst, I suspect (though this is just an opinion, and I have no proof) that we are dealing with a bunch of rogues who are determined to enrich themselves at the cost of the shareholders, and enrich themselves as fast as possible. They'll rape this stock for everything its got, and then rape some more - ruthlessly, like there is no tomorrow.
how do you suppose they plan on enrinching themselves at the cost of shareholders? the growth of the company seems to be on track as are revs and new ventures. is mgmt merely pumping the stock up so they can sell shares?
Now, if you are as smart as he is, and know the business, AND THE MARKET inside out, couldn't you at least be sure that your stock would... say, double, triple every 1-2 years?
from the current point of a double or triple should be doable in 1-2 years assuming current growth and trading continues and if they give any sort of guidance on options and overseas expansion going well. but to expect a stock to double or triple every 1-2, you have set up an unrealistic benchmark.
And if their *rate* of growth slows (my points to blankmind yesterday), that premium could be cut mightly fast. Add to that risks of an evolving business model, and the p/e gets cut again.
funny (but not in nites case), how sometimes an evolving business model is given a premium and other times penalized.
Knight's volume rose 12.5 percent in December, higher than the industry's 8.3 percent growth, though lower than online firms' 19.5 percent gain
i'm dense (please do not rub it in morgan), but why should we expect nite to capture all the olb growth when we know a certain focus has been on attracting and doing well in the institutional area? |
