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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: stock_bull69 who wrote (291)	3/11/1999 11:12:00 AM
From: stock_bull69	Read Replies (1) \| Respond to of 1390

Babson-United Investment Report's latest newsletter (dated 3/8/99) recommends SCH in their Financial Services group saying [The largest online retail broker was a major beneficiary of the market's recent volatility. In its just completed fourth quarter, over 60% of Schwab's trades were placed through the Internet pushing commission revenue to a record-breaking $375 million. This positive trend shows little signs of losing steam, as more "investors" become online day-traders; meanwhile, the average new account keeps increasing, from roughly $27K in 1997 to $34K last year. While Schwab's heavy reliance on trading continues to be lucrative, management is trying to diversify operations and strengthen the firm's other businesses. The company's mutual fund offerings are gaining in popularity and fee revenue is up. In addition, retirement-plan accounts have swelled to over $20 billion. We forecast 23% profit growth in 1999 to around $1.05 per share, vs. 1998's .85 cents, and despite Schwab's lofty valuation recommend purchase for aggressive growth.] SCH at another all time high today at 82 3/4!!! Steve