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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: Susan G who wrote (59630)	9/3/1999 4:25:00 PM
From: kendall harmon	Respond to of 120523

From the NDB thread--good NDB analysis From Briefing.com....National Discount Brokers (NDB) On a day when everything seems fantastic, National Discount Brokers is getting clobbered. Late last night, NDB warned that earnings would be drastically lower than current estimates, in the $0.02 to ($0.01) range instead of current estimates of $0.21 a share. That's a big difference, but NDB attributes it to higher expenses due to marketing increases and one-time charges due to software upgrades. But the press release is one of the more creative ones we've seen in a while. First the statement on revenues states there will be a "shortfall of approximately 4% from analysts' estimates of approximately $55 million." Then a statement follows saying that expenses will be "approximately 9% greater than the analysts' estimates of approximately $48 million." At first glance, it reads fairly positively, but when you do the math, it makes revenues $52.8 million, and expenses $52.3 million. In other words, no profit. In an attempt to put a positive spin on things, NDB lists accounts rising from 141,000 to 159,000 in the summer quarter. But the more positive side of things is the influx of cash the company will get from the sale of Equitrade Partners, which will generate about $1.23 a share. What this mean is simple: Growth of transactions at NDB is slowing, but that's happening at all the online brokers. NDB is the only one suffering today, but the real question is whether the industry wide slowdown is seasonal, or secular. If it is seasonal, then things should pick up in the fall, as more and more workers continue to trade stocks during working hours. If it is secular, it means that the online trading world is flattening out. We think it is a little bit of both. Here's how NDB fits into the landscape of online brokerages: NDB SCH EGRP AMTD Price 26 3/8 40 1/2 24 1/2 20 1/2 Shares 16.6 817.8 234.5 174.4 Mkt Cap 437.8 33,120 5,748 3,575 Price/Sales 2.0 10.0 13.1 13.6 It is a smaller player, but it also comes at a much cheaper price, and today, it is one of the few stocks that is on sale. - RVG

To: Susan G who wrote (59630)	9/3/1999 4:25:00 PM
From: robert minshew	Respond to of 120523

yeah maybe ......technically speakin [at least to my novices eye] it showed a good signal on the 60 min chart early on today and showed it valid thru the day. i didnt get on till 359 and i hope my patience [finally] will work to advantage after this well deserved weekend. hard learning not to jump on trades before i understand whats goin on so i missed most everything . for all the good gab and wonderful wit i give thanks to all of you great folks on mg. lachiam robert minshew