Online Trading - An Oxymoron? (EGRP, AMTD, NBD, DLJ, SCH) Message Board

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Strategies & Market Trends : Online Trading - An Oxymoron? (EGRP, AMTD, NBD, DLJ, SCH)

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To: rob108 who wrote (23)	2/4/1999 6:12:00 AM
From: Mohan Marette	Read Replies (1) of 50

NDB & TD in possible play???? rob and thread. I hear NDB and TD are in play now in the online brokerage business now that everyone and his sister-in-law in the segment have been in play.NDB looks like it is beginning to get some attention finally but seems a ways to go compared to AMTD,SIEB and EGRP etc.TD may soon catch investors attention on account of the fact that they own Waterhouse Securities the fastest growing online brokerage service according to some reports that I have seen. National Discount Broker (NYSE-NDB)- The stock has been inching up lately and yesterday (2/3/99) added another 10 bucks to the stock but still looks relatively cheaper than the EGRP,AMTD,and that out fit (SIEB) run by Muriel Siebert. NDB is profitable,listed on NYSE and mentioned by Paul Kangas (Nightly Business Report-NBR) couple of times (only in passing) as a takeover candidate. Website url: ndb.com Toronto Dominion Bank (NYSE-TD)- Owns the fastest online brokerage company Waterhouse Securities,also owns another brokerage service in Canada.TD is thinking about to spin off all of Waterhouse and at least 20-25% of the other Canadian brokerage company to the public to enhance shareholder value of TD as the management thinks as it stands now these subsidiaries are not properly valued by the market.According to some analysts the brokerage alone could be as much as 8 billion dollars. The stock is listed on NYSE under ticker TD,pays a dividend and sport a P/E of less than 18.Toronto Dominion has been in business since 1855 if I am not mistaken and one of the major banking institutions in North America. If they decide to spin off Waterhouse I feel it will be another hot issue worth considering,something will be decided as to whether to spin off the unit or not within in the next 3 weeks. If there is no IPO of Waterhouse,investors who bought the shares of TD hoping for the IPO could possibly get out without much damage since TD is no mickey mouse bank/company with a 'dot com' at the end. waterhouse.com waterhouse.com Press releases about the possible IPO of Waterhouse. cbs.marketwatch.com cbs.marketwatch.com I recently purchase both shares and therefore my opinions might be biased so please do your own research before taking any action. Whatever you decide to do best of luck and good investing.

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