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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: JC Reddy who wrote (1090)5/18/1999 9:25:00 AM
From: Craig Rogers  Read Replies (1) of 10027
 
NITE is recommended

Another favorite is Knight/Trimark (NASDAQ:NITE - news) . 'It's a super simple business with no retail customers,' says Ellman. The company's business is broker execution of stock trades for the likes of E*Trade (NASDAQ:EGRP - news) , Waterhouse Securities (NYSE:TD - news) , and Quick & Reilly.

Ellman explains that today's high volumes and high volatility has been driving the company's business. He also adds that Knight/Trimark has had very strong earnings surprises.

When asked specifically about E*Trade, Ellman commented, 'E*Trade doesn't fit our model. The PEG ratios are so high, therefore, you need very strong surprises to get the P/E expansion we want.'
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