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


To: Hot Air who wrote (2004)5/9/1999 1:14:00 PM
From: Howard Levine  Read Replies (2) | Respond to of 2220
 
Good morning and Happy Mothers' Day to all!

I picked up a fair amount of JB Oxford on Thursday at 12 7/8 predicting a major pop in the value of this stock over the next month - possibly settling in the 30-40 range in the next month.

Under some evaluations, JB Oxford is tremendously undervalued. The most shocking valuation measure that represents this is the value per account. Comparing JBOH with E*Trade, Ameritrade, and National Discount Brokers, you come up with this interesting pattern.

Symbol # of Accts Market Cap Value per acct
EGRP 909,000 12.693B $13,900
AMTD 428,000 6.604B $15,430
NDB 128,000 741.7M $ 5,795
JBOH 100,000 189.1M $ 1,890

If the V/A "index" (Value per Account) of JBOH met any of these #'s the share prices would be as follows:
EGRP-JBOH $ 98.37
AMTD-JBOH $109.19
NDB-JBOH $ 41.01

I find these to be quite interesting. Feel free to check my math - acct figures come from earnings reports (EGRP, AMTD, NDB) and a CEO letter on JBOH's website (JBOxford.com). Hope you find this helpful.

Howard Levine