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

To: Gary Korn who wrote (5151)	10/17/1999 1:36:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 10027

vcall.com The above is an excellent interview with Paine Webber's analyst (as noted in the prior post). Some key points: 1. He very much thinks that NITE simply got on the wrong side of some trades in the past quarter. Either 1 or 2 big bad trades, or a lot of little trades. If so, the same can go the other way next quarter, which would mean a "quick recovery" in the stock price in his opinion. 2. He says that NITE currently is modeled, p.e.-wise, as a growth stock. However, if seasonality and lumpiness continues, NITE could get remodeled as more of an investment banker type company, which gets a p.e. equal to growth rate. He suggested a p.e. range of 20 to 30, with the number likely to be more toward the 20ish end of the spectrum than the 30ish end. Bottom line, the interview certainly suggests that 22, the current stock price, is reasonably near the low end of the trading range. And there is room for a "rapid recovery" upwards should the performance dictate. If KP's comment that they have gotten trade profitability back up from 6 to 8/trade is true and holds for the entire quarter, that would certainly help. Gary Korn