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Maxcor Financial Group (MAXF) Message Board

  • irbbping irbbping Jul 8, 2004 11:08 AM Flag

    Ole maxy

    just gave ole maxy a look here for the 1st time in a long time. looks like one significant? change, the old MAXF always had more cash per share than its book value, now it is quite a bit less, what happen to the cash ? i mean other than the usual giveaways to the officers and the annual support to 911 victims. does the dividend cause this kind of a drain, i want to know !

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    • go to page 20 of the 10-k that will explain it all. No big deal it's all on the books and reflected in book value.
      Stockfish, I'm in the same boat. Float being slowly digested and book increasing. I have liked the accumulation over the past 6 months and if it continues most of the float will be gone in a year. This may be a slow 2q for them but with the book, dividend, state of the art trading center and best executiion in the industry, I feel the next big move is up also. JMHO--Have a nice day.

      Maxcor's Equity Execution Quality Exceeds Wall Street's Largest Brokerage Firms
      NEW YORK, Mar 9, 2004 (BUSINESS WIRE) -- Maxcor Financial Inc.'s equity execution quality for institutional customers in Nasdaq listed securities exceeded that of the 30 largest brokerage firms in the most recent twelve-month report* compiled by Plexus Group, a division of J.P. Morgan Chase & Co. and the leading institutional equity execution evaluator with trade data from over 900 sell-side brokerage firms. This marks the third consecutive report (prepared quarterly) in which Maxcor's trailing twelve-month equity execution quality in Nasdaq listed securities exceeded the "top 30" brokerage firms that Plexus tracks