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Non-Tech : Waddell & Reed Financial (WDR) -- Ignore unavailable to you. Want to Upgrade?

To: Immi who wrote (6)5/16/1998 9:29:00 PM
From: Labrador  Respond to of 10
 
WDR's 10-Q came out on Friday afternoon. I thought that it looked pretty good. recognize that WDR would have earned over 30 cents a share if it were not for the interest expense on the intercompany debt that was paid off when the company went public. Consequently, my guess is that we will easily see 31 cents for this quarter maybe higher. This give a low P/E. I think that if the company continues to grow we will see $30 by year-end.



To: Immi who wrote (6)5/28/1998 10:02:00 AM
From: Labrador  Read Replies (1) | Respond to of 10
 
just bought some more WDR at 22 9/16. to me, this seems like a real opportunity for long-term appreciation. dont understand why a mutual fund company with expected earnings of probably $1.30 for the next 12 months, would be selling at a P/E of only 17. Yield expected at around 2%. any thoughts on this?


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