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


To: KM who wrote (1233)5/21/1999 2:50:00 PM
From: DavidCG  Read Replies (3) | Respond to of 10027
 
NITE shareholders.

I was one of the firsts on NITE and NDB and SWS if you read my old stock board.

I had NITE at $22

Read my first post to see how "on the edge" I've been

Message 6964032

I have found a NEW, EXCITING brokerage stock which should follow the path of
NITE, SWS, NDB.

That stock is JWG. JWGenesis Financial Corp.

5.7 mil Outstanding

2.7 mil Float

P/E 11

Last quarter earnings of .60 vs .30 1st quarter last year

Owns 150,000 shares of NITE from .06 !

JWG is selling its clearinghouse portion for $58 million in cold,hard CASH on 5/31/99
to FiServ (VERY soon)

Currently trades at $16

My Target: $30 (easily)

They are a retail brokerage and investment banker wrapped into one.
Currently they do not have an online brokerage, however, there is speculation what
they
will do with $58 million in cash in their coffers.

Think about it, that's $58,000,000 spread out over 5 million shares.

WOW!

Probably an online brokerage OR will become like a CMGI and invest in IPO's.

And with this much cash and clintelle, always a great takeover candidate.

Either way, you win as a shareholder.

JWG is barely mentioned on SI, yahoo and anywhere else
(just like NITE was when I found it in December before anyone else)

This stock will fly as NITE has, so I hope you take the time to look it over.

Good Trading!

-DavidCG