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Non-Tech : Online Broker Down - Sue 'em - EGRP, JBOH, AMTD, SCH, NDB -- Ignore unavailable to you. Want to Upgrade?


To: Rauf A. Adil who wrote (19)2/5/1999 2:29:00 PM
From: vinod Khurana  Respond to of 253
 
Facts prove NDB is way undervalued and should make you feel better
owning this internet stock.

All numbers as of yesterday morning.

On-line brokerage firm PE ratio Market cap ($).

AMTD 208.96 2.856 Billion
NDB 34.52 395.2 Million
EGRP NA 5.279 Billion
SIEB 240.28 7.943 Million

Other Internet companies:

AOL 375.56 74.964 Billion
EBAY 3983.33 9.105 Billion
Yhoo 1465.22 34.147 Billion
MSPG 225.91 2.570 Billion

Now if NDB was to trade at similar PE as those in its group (conservative estimate: 200), we should be looking at a stock price of approx.: $168.00. Thats a whooping $140 more where it is today.

Assuming a PE=100, this stock should be at a minimum of $84.

I believe NDB will be bought out very soon in a stock swap. Either one of the big brokerages will buy them out or some internet company is going to merge with them.

NDB is way undervalued relative to its counterparts.