Comments for EMG.L
TheStreet.com Network:
TheStreet.com
|
MainStreet.com
|
BankingMyWay.com
|
Geezeo Budget Planner
|
RealMoney
|
Dividend.com
Log In
Sign up
Go to
Answers
Articles
Top Performing Portfolios
Top Rated Portfolios
About Stockpickr
Professional Portfolios
Forums
Do-It-Yourself Portfolios
Video
How to Use Stockpickr
Spotlight Portfolios
Cramer's Next Bank Seizures
Cramer's Bailout Plan Win...
Cramer's Tech Take
Cash Cow Stock Picks
Top Dividend Plays
I'm Feeling Lucky
Barron's Activist Stocks
Club of Elite Banks
Insiders & Buybacks
Cramer's 3 Markets
Cramer's Ring The Cash Re...
More Spotlights>>
Active Trader
System Trades of the Day
Unusual Volume System
The Mega Gap System
The Takeover Targets S...
First Day of the Month
The QQQQCrash+ with St...
The QQQQ Crash Plus
The Blizzard System
The Last Week of the Year
The QQQQ Sweet Spot
More Traders>>
Most Viewed Portfolios
Warren Buffett
10 Short Squeezes
George Soros
T. Boone Pickens - BP ...
Carl Icahn
Mad Money Buybacks
High Yield Warren Buff...
Renaissance Technologies
Chinese Rocket Stocks
Mohnish Pabrai
More>>
Today's List of Portfolios
Analyst Downgrades
Analyst Upgrades
TheStreet.com TV Video...
TheStreet.com TV Video...
TheStreet.com TV Video...
TheStreet.com TV Video...
TheStreet.com TV Video...
TheStreet.com TV Video...
TSC Ratings' Downgrades
TSC Ratings' Upgrades
More>>
My Stockpickr
Comments for EMG.L
Added By
Comments
Type
Date Added
Barrons
The bull case really begins with the brokerage business. The unit is expected to generate $226 million of net profit for the fiscal year ending March 31, or 15% of the total. For the time being analysts at Citigroup, HSBC, Dresdner Kleinwort and Credit Suisse have concluded the unit is worth between 18 and 22 times earnings. That means a valuation of roughly $5 billion. That is conservative, as it doesn't take into account the continued integration of Refco, the commodities brokerage Man bought in 2005. The deal, with a total price of $323 million, has been dilutive to earnings because of integration costs. It should start adding to profits in 2008.
Love
April 28, 2007
Join TD Ameritrade.