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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (1305)	11/4/2000 10:28:28 AM
From: James F. Hopkins	Respond to of 1413

Well Tom, If TWE does build out and make it TD will still be the biggest benefactor. As I think they still hold most of the stock. To me TWE is a sort of tracking stock for TDs brokerage service( while it may not be called one. ) it has the same ear marks. The chance she could one day spin the whole thing off at a handsome price and TWE holders would be better rewarded TD wouldn't do it unless if was to her benefit, so while TWE has more upside potential than TD , it also has more risk in my eyes. So far TWE is just operating as a broker, and not as a broker/dealer ( I like tath as a client, because at least I don't have to worry about them taken bets against mine.) ------------------ If people who use broker/dealers knew just how often the dealer side sold the very stocks they had their clients buying I expect we would see some wholesale killing of brokers. ------------ Jim

To: OldAIMGuy who wrote (1305)	11/4/2000 1:36:32 PM
From: CIMA	Respond to of 1413

TD Bank still holds 90% of the total outstanding TWE shares as far as I know. I purchased TD Bank about two months ago for $35 CAD. It's currently $42+ CAD and has been as high as $46 CAD. You get the banking operations plus 90% of TWE by owning the bank shares. The bank is still absorbing the operations of Canada's largest trust company, Canada Trust, which has put them in first place in terms of number of retail banking clients in the country, slightly ahead of the Royal Bank of Canada. The federal government is expected to make changes to the Bank Act allowing mergers with other banks and insurance companies. TD Bank will likely take over Canada's third largest bank, the Canadian Imperial Bank of Commerce (CIBC) once that is possible, and will IMO take out one of the large insurance companies as well. The bank is a superior investment to TWE IMO. You know they will slowly sell TWE shares into the market as they pursue their acquisition strategies, placing a cap on the upside over the medium term at least IMO.

To: OldAIMGuy who wrote (1305)	11/6/2000 1:24:38 PM
From: CIMA	Respond to of 1413

Monday November 6, 7:38 am Eastern Time TD Securities confirms mulling purchase of Newcrest TORONTO, Nov 6 (Reuters) - TD Securities, the brokerage arm of the Toronto-Dominion Bank (Toronto:TD.TO - news), confirmed media speculation on Monday that it was in talks to acquire boutique brokerage house Newcrest Capital Inc. The deal would grow TD's global reach and strengthen its investment banking operations at a time when consolidation is rampant in the Canadian securities industry. TD Securities said in a statement that discussions are ongoing with Newcrest to combine the two firm's institutional equities and investment banking operations. No further details were revealed. Newspaper reports late last week said TD Securities would pay C$150 million ($100 million) to C$200 million for the five year old Newcrest, which is owned by 22 partners. ($1 equals $1.53 Canadian)