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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?


To: Carl R. who wrote (1152)1/2/2000 2:47:00 PM
From: stock_bull69  Respond to of 1390
 
Excerpt from today's Bull Market Report list's SCH as one of 5 January 2000 picks:

FOR JANUARY AND THE NEW YEAR

1. Merrill Lynch (MER) at $83.
2. Globalstar (GSTRF) at $44.
3. ePlus (PLUS) at $36
4. Federal Express (FDX) at $41
5. Charles Schwab (SCH) at $38

And Schwab. Online trading continues to explode and Charlie is sitting right there, opening accounts like mad. They are a gorilla in the online brokerage space and will only get bigger and better as the Internet continues to grow.

Further note: We have been fortunate with our favorites for November and December. We pick them for the LONG HAUL, not for short term pops. We just happen to think that current valuations are attractive. And of course, a lot depends on the overall market. We have been blessed by
major market indices hitting new highs every week since we started this program. But if the Dow heads back to 10,000 these next few months, all of these stocks will likely head down with it.

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6. SCHWAB Q4 NET UP AS MUCH AS 67%

Charles Schwab (SCH, $38), the world's biggest online broker, expects fourth-quarter net income to rise as much as 67 percent, on revenues of approximately $1.1 billion, topping analysts' estimates, as customer trading surged. Net income for the fourth quarter of 1998 was $106
million, or $.12 per share, on revenues of $789 million. President and Co-CEO David S. Pottruck said, "After a very active November, December is shaping up to be our busiest month ever."

Schwab said it would earn between $162 million and $171 million, or 19 cents and 20 cents a share, beating Wall Street's average forecast of 17 cents a share.

COMMENT: Repeated from above: Online trading continues to explode and Charlie is sitting right there, opening accounts like mad. They are a gorilla in the online brokerage space and will only get bigger and better
as the Internet continues to grow.



To: Carl R. who wrote (1152)1/3/2000 12:02:00 AM
From: Alvin Yee  Read Replies (2) | Respond to of 1390
 
Thank you for your response. I fully understand what you are saying about Schwab. I have been a Schwab customer for a long time. I believe I meet all their financial qualifications. I find it difficult to accept the fact that they are protecting me from myself. As such, I made be forced to use another brokerage house to do business. I sincerely hope they would amend their decision.

Once again, I appreciate your prompt response to my problem.

Alvin