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Non-Tech : J.B. Oxford -- Ignore unavailable to you. Want to Upgrade?


To: thomas odonoghue who wrote (1664)4/8/1999 9:00:00 AM
From: Note bene  Read Replies (1) | Respond to of 2220
 
I read in the newspaper today (Canadian - National Post) that the market is attributing a value to Charles Schwab Inc. of US$10,000 for each retail account it holds.

Applying the same analysis to JBOH:

No. of accounts = 115,000
Total value = 115,000 x $10,000 = $1.15 billion

Accordingly the value per share would be: $1.15 billion divided by the
the total no. of issued shares of 14.14 million = $81.33.

Even factoring in, say, a 25% discount to Schwab's valuation leaves you north of $60 a share.

When the market wakes up to this valuation discrepancy, we should see $40 and a lot more.

Good luck everyone.