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Non-Tech : TD Waterhouse Group (TWE)

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To: Elroy who wrote (1244)8/14/2000 3:53:35 PM
From: upanddown  Read Replies (1) of 1413
 
Elroy

You may eventually consider yourself lucky. 1M revenues and a 900M market cap? Flat on opening day? A builder and operator of Internet service facilities? That sure doesn't sound like a high-margin business with any barriers to entry. They lowered the offering price and jacked up the shares. I smell scam. I wonder how many battered veterans of the TWE IPO "gift" thought this one failed the smell test. If WH gets any piece of an IPO, I assume it is distressed merchandise.

John
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