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Gold/Mining/Energy : TD - Toronto Dominion Bank
TD 80.55-1.7%Nov 4 3:59 PM EST

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To: csm who wrote (157)4/14/1999 10:58:00 AM
From: James  Read Replies (1) of 358
 
Stu,

I can't take the credit for that idea; I borrowed and expanded on a post by Paul Butler.

Message 8863779

The point that I was trying to drive home is this: The higher the other discount brokers go, the higher the valuation & the higher the excitement will be when TD spins off its GLOBAL discount business.

It's not just Waterhouse that they are spinning off, it's their entire discount business, including Green Line. This is the second largest in the world, second only to Schwab.

Cheers,

James
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