ICE. "Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Israel, Canada, and Singapore. It operates in two segments, Trading and Clearing, and Data and Listings."
EPS increases 9 of past 10 years. 10-fold increase in revenue in 10 years. Very good net profit margins. Stock is not cheap though on current p/e multiple, imo. (@27x)
I note stocks of fund managers are up, as is ICE stock. If this market holds, I expect more trading, maybe more people risking more money. Stock of ICE should/could improve from current price. I have a few shares, and I add a few more now.
Jmo, and I've been wrong many, many times. |
