LaBranche & Co.- "LAB" Message Board

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Technology Stocks : LaBranche & Co.- "LAB"

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To: Balaton who started this subject	8/29/2000 4:30:01 PM
From: Sir Francis Drake	Read Replies (1) of 29

Is this board dead? New all-time closing high, up 4 1/6, 15%! The stock has been in a massive uptrend for several weeks, and not a single post?? Well, who am I to make remarks - I've been following this stock since the IPO last year, and even post about it on another board, but never here. Anyhow, seems to me the immediate impetus to the current run is takeover speculation. Sad in a way - because I think with these kinds of margins, and reasonably solid growth prospects, the stock certainly deserves to trade at least with a p/e of 20-25, and shouldn't need this kind of speculation to go up. The stock was undervalued by any metric. Morgan

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