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Non-Tech : Knight/Trimark Group, Inc.
KCG 20.000.0%Aug 17 5:00 PM EST
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To: Shane M who wrote (20)11/5/1998 12:53:00 AM
From: Alec Atkin  Read Replies (2) of 10027
 
Projected earnings for 1998 are $0.91 and for 1999 are $1.16. That's about a 30% growth rate. Make the PE around 20 to 30 and projected share price should be 18 to 27 in '98 and 23 to 35 at the end of '99.

This all assumes that market volume increases and NITE can manage it, i.e., hedge in a down market. Their 10-K says that they lose about $1 million for every 10% drop in the market. Seems like they did better than that in September and October as they reported above the earnings expectations.
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