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Non-Tech : Ameritrade -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (335)10/27/1998 9:57:00 PM
From: michael modeme  Read Replies (3) | Respond to of 513
 
I only see two negatives concerning the report: they missed estimates by 2 cents, and their system has had a couple problems. On the good side: revenues are continuing to skyrocket (and earnings will eventually follow), all online brokers have had system problems and AMTD is usually rated quite high in customer satisfaction in comparison with traditional brokers as well as online brokers, market share has been skyrocketing, volatility in market will lead to increase in AMTD revenues, and margin interest is becoming a very significant portion of revenues. All in all I'm very bullish on AMTD -- just wish they had hit their number; and I hope they upgrade as rapidly as possible with quality machines. Remember Price/Sales is around 3.6 -- very low for a company that's growing so rapidly. And their suscriber growth is what was expected (in contrast to what someone else posted -- they confused total subscribers with this quarter's subscribers). Cheers