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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (9762)	1/27/2000 11:40:00 AM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78704

I think SWS is one of the most undiscovered, unloved, in addition to well managed companies on WS. Its business mix is impressive - Westwood, CSS, bricks and mortar brokerage, mydiscountbroker, market making, as well as others. Earnings appear to be blow out - their report was in the .70 range vs. sole analyst (per Yahoo) that follows of low .50s. Therein lies part of the problem - lack of sponsorship. BV of about $20. I like the conservative way which they are financing the mydiscountbroker.com ad campaign (although I don't think the ads are great) - no debt being taken on, rather the company sells a partial position of its NITE holdings (still owns a ton). There always is the sniff of merger/takeover around this company (virtually any other in the financial services sector, as well), but that's not the reason I bought. Best, Wallace