NITE shareholders.
I was one of the firsts on NITE and NDB and SWS if you read my old stock board.
I had NITE at $22
Read my first post to see how "on the edge" I've been
Message 6964032
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 NITE was when I found it in December before anyone else)
This stock will fly as NITE has, so I hope you take the time to look it over.
Good Trading!
-DavidCG |
