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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Brasco One who wrote (3687)	8/29/1999 12:10:00 PM
From: Gary Korn	Respond to of 10027

Brasco, Thanks. I wish this thread would become more active. I think one reason the stock trades at a 1999 p.e. of 20 (even though the First Call forward growth estimate is 35%) is that, while people are used to seeing the "future" prospects of this or that tech stock, they are not accustomed to seeing the future prospects of a financial services company. In many ways, though, NITE is like a high tech stock, one with very many prospects. The OLBs just got it started. Intelligently, and hopefully not to late, NITE management knew to target other markets so as to cover the risk of slowing OLB growth. The growth markets are there for the plucking: institutions (just 500 clients now, that is a pittance), international institutional growth (and, heck, international OLB growth), options, outsourcing of market making activities by established entities. Saavy management indentifies and rapidly targets these new opportunities, which is what I believe NITE is doing. There was a comment by KP somewhere along the line to this effect, i.e., that we (NITE) need to move to quickly target growth opportunities. If they can execute, we'll all benefit. Gary Korn