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Penson Worldwide Inc Message Board

  • jssssb jssssb Oct 31, 2008 1:56 PM Flag


    Yeah it hurts that they just lost a half years of earnings, but the street will be looking at 2009's earnings by the end of November and PNSN will screen as very cheap.
    Evergreen Capital is at worse costing PNSN 5% of their capital, not 40% the market is discounting. If you believe management there is not another bullet in the chamber then PNSN is a screaming buy.
    Management needs to explain how this happened and what they're going to do to keep it from happening again. It appears it was a human error, not something systemic.
    Earnings power of PNSN is still intact, and this will provide investors big upside from current levels.

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