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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Peter Moyer who wrote (33)1/12/1999 9:39:00 PM
From: David Rubin  Read Replies (1) | Respond to of 10027
 
NITE still seems undervalued. The PE based on 1998 numbers is now about 58. Forward PE based on $1.21 estimate is 43. However, these estimates are likely to be raised given the explosive growth of on-line trading.

By comparison, on-line brokers are losing money and their valuations are much higher. Once people realize NITE is also an Internet stock it should be propelled to the triple digits, so long as this crazy rally continues.