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Gold/Mining/Energy : TD - Toronto Dominion Bank -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey Spierman who wrote (2)3/9/1998 12:12:00 AM
From: M CAHILL  Read Replies (1) | Respond to of 358
 
TD - Toronto Dominion Banks main problem is that their name is not associated with Waterhouse Securities, or a company with market share in the internet discount brokerage business, even though they have majority market share.

With a PE ratio of 7 they look cheap.

All they need to do is provide a flashier web site allowing day traders, and investors more information. Backed buy one of the largest banks in Canada they have the resources to do this.



To: Jeffrey Spierman who wrote (2)3/9/1998 1:59:00 AM
From: marcos  Read Replies (1) | Respond to of 358
 
Midland Walwyn has a 3-Hold recommendation on TD, with a 12-month target of $60 Canadian. Here is the header from their most recent (Feb 27) writeup;

"Headline: Q1 Earnings in Line - Contribution from Retail Stronger, Dealer Weaker, Credit Outlook Murky - Hold Maintained"

Midland Walwyn is sort of like the Canadian Merrill Lynch, and asks its clients with access to the research not to paste it into SI wholesale. Otherwise I would. There is a Canadian Banks thread, with an amusing title 207.183.153.73 - several informed people have posted in the past, but banks seem to lack sufficient drama to attract SIers, so it's sleepytime over there. "Which is the Best Bank" is the classic question. If you find out, please let us know -g-
........... cheers .................. marcos