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Non-Tech : Waddell & Reed Financial (WDR)
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To: Immi who wrote (6)5/16/1998 9:29:00 PM
From: Labrador   of 10
 
WDR's 10-Q came out on Friday afternoon. I thought that it looked pretty good. recognize that WDR would have earned over 30 cents a share if it were not for the interest expense on the intercompany debt that was paid off when the company went public. Consequently, my guess is that we will easily see 31 cents for this quarter maybe higher. This give a low P/E. I think that if the company continues to grow we will see $30 by year-end.
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