TD - Toronto Dominion Bank Message Board

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Gold/Mining/Energy : TD - Toronto Dominion Bank

TD 80.94

+0.6%

Nov 7 9:30 AM EST

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To: M CAHILL who wrote (33)	6/25/1998 10:45:00 AM
From: Zirdu	Read Replies (2) of 358

I am still holding a lot of TD. Sold a little when it got over 50 on the takeover speculation. Now that the takeover is announced, and it seems far away and uncertain due to Canadian government, the stock has drifted down. My own feeling that 43 or so is a relative base for TD, and that it will trade between about 43 and 48 for a while. At least until the merger with CIBC is either a done deal or disallowed entirely. I read somewhere that TD now is #2 in worldwide market share in the discount broker business. After C. Schwab. If this is true, they have overtaken Fidelity I guess. This is a great business to be in, and has been a great one since I first bought into Waterhouse many years ago. The big worry of course is that this will not be such a great business to be in if stock markets in the US and worldwide go into a prolonged bear market. Until that time arrives, however, I think TD is a good investment to hold.

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