Ok, guess who spotted this SWS stock first (before this board existed)
and made it run to $25 -$35? Which now trades at $80?
Message 6996683
That would be me.
I was also one of the firsts on NITE and NDB if you read my old stock board.
This isn't so much to impress you with my greatest picks ever. But to show my track record of knowing the brokerage industry and what stocks in this industry will soar at undervalued levels.
I have found a NEW, EXCITING brokerage stock which should follow the path of NITE, SWS, NDB.
That stock is JWG. JWGenesis Financial Corp.
5.7 mil Outstanding
2.7 mil Float
P/E 11
Last quarter earnings of .60 vs .30 1st quarter last year
Owns 150,000 shares of NITE from .06 !
JWG is selling its clearinghouse portion for $58 million in cold,hard CASH on 5/31/99 to FiServ (VERY soon)
Currently trades at $16
My Target: $30 (easily)
They are a retail brokerage and investment banker wrapped into one.
Currently they do not have an online brokerage, however, there is speculation what they will do with $58 million in cash in their coffers.
Think about it, that's $58,000,000 spread out over 5 million shares.
WOW!
Probably an online brokerage OR will become like a CMGI and invest in IPO's.
And with this much cash and clintelle, always a great takeover candidate.
Either way, you win as a shareholder.
JWG is barely mentioned on SI, yahoo and anywhere else
(just like SWS was when I found it in December before anyone else)
This stock will fly as SWS has, so I hope you take the time to look it over.
Good Trading!
-DavidCG
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