DavidCG's Hangout Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : DavidCG's Hangout

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DavidCG who wrote (56)	5/21/1999 2:03:00 PM
From: DavidCG	Read Replies (2) of 69

JWG is NEXT. My near term Target is $30. Currently $15 15/16 x $16 JWG is JWGenesis Financial Corp. Currently they are a retail brokerage, clearinghouse, investment banker all wrapped into one. PE is 11 currently. Now the goodies! They are selling their clearinghouse side of their business for $58 million dollars CASH That's $58 million CASH spread out over their 5.7 million shares! They ALSO own 150,000 shares of NITE! Last quarter EPS was .60! vs .30 last year. Downside: no online brokerage but profitable retail brokerage side. The FUTURE: Let's think. They are a brokerage about to receive a windfall of $58 million in cash. That is a lot of money to do something with. I believe they will either start an online brokerage OR do a WCAP/CMGI and jumpstart their investment banking side of their business into launching IPO's Either Way, JWG shareholders win Get on board before this LAST brokerage play slips on by. -DavidCG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next