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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (43477)	6/7/1999 9:53:00 PM
From: Burjis S.	Read Replies (1) \| Respond to of 120523

Jenna....SEPR is really flying up 15 since it was mentioned last week. Today was a good day for the Shroff Index (SI)! All my babies CMGI ATHM NITE SONE NTBK GNET MLTX are doing well. Best wishes, Burj

To: Jenna who wrote (43477)	6/7/1999 10:53:00 PM
From: Alex MG	Respond to of 120523

Undiscovered Gem?... ITG, Investment Technology Group P/E... 19.76, Growth rate... 40-50% Investment Technology provides automated equity trading services and transaction research to institutional investors and brokers through its wholly owned subsidiary, ITG, Inc. For the three months ended 3/26/99, revenues increased 27% to $52.6 million. Net income increased 14% to $8.4 million. Revenues reflect an increased number of customers and increased trading volumes by existing customers. Earnings were partially offset by higher spin-off costs. Bloomberg and ITG to Form 'SuperECN'... biz.yahoo.com redherring.com. "ITG is well positioned for the global expansion of electronic trading." Individual Investor ... fnews.yahoo.com ITG's flagship product is the POSIT trade matching system, which facilitates trading for institutional investors. POSIT saw volume of 1.4 billion shares in the first quarter, a 25% year-over-year increase. The POSIT technology is the main component that ITG will contribute to SuperECN. The company is already developing advanced applications that can be marketed along with the new system. Its biggest competitor is Reuters' Instinet. However, Instinet primarily executes after-hours trades, leaving the group with little direct competition that deal solely with institutions all day long. The company prides itself as being an equity technology specialist, but also has other businesses. ITG offers client analytical tools (QuantEX and ITG Platform), which allow clients to execute their own orders. Commissions from these products showed a 56% year-over-year increase in the first quarter. Analyst Amar Mehta of CIBC World Markets believes that ITG is extremely undervalued, and just recently reiterated his rating on its shares to "strong buy." Mehta says that ITG has found a comfortable niche in the market, and foresees "a minimum of 20-25% growth for the company over the next few years." Per-Share Data Earnings (ttm).......... $2.13 Sales (ttm)................ $9.99 Cash (mrq)................ $3.81 Price/Earnings (ttm)... 19.76 Price/Sales (ttm)......... 4.21 After-Tax Income(ttm).... $44.4M Sales (ttm)...................... $223.4M Profit Margin (ttm).......... 20% The Company reports no debt. GROWTH RATES ------------------------ 1 Year ----- 3 Year ----- 5 Year Sales % ..................... 54.85 ....... 43.12 ........ 33.86 EPS % ...................... 58.34 ....... 40.75 ........ 58.92 52-week Range..... 31 7/8 - 48 1/2 Recent Price....... 43 15/16 Analyst Footnotes: 4/99, Company merged with equity trading business of Jefferies Group (basis 1.5955 for 1) and changed exchange from NASDAQ.