Big deal with Excite this week to push JTWB far
above IPO price of $9. Looking to see $15-20 by
JTWB(JustWebIt.com) to supply Excite and
other Web Portals with Internet Hosting and Design for
business. Extreme market potential of serving small
businesses online, could become the next
Shares Outstanding: 3,000,00
Float: 300,000 shares
Look for nice run tomorrow
The following I posted on Oct. 13, 1999. It is still
the answer to the drones who hum 'management is the
bestus', and RJF competes with all other financial
Today RJF's stock is below its adjusted price for May
23, 1997. Other financial firms show impressive
returns reflecting hard work, intelligence, and savvy.
Not a corporate culture of clowns and morons which
couldn't find its out of a paper sack.
current correction, from that date to today in terms of
Bear Stearns has grown
Merrill has risen 34%
Paine Webber has registered
a rise of 52%
Lehman has rocketed
Donaldson Lufkin & Jenrette has shot up
SouthWest Securities has jumped 89%
Legg Mason can
boast a leap of 130%
Morgan Stanley Dean Witter
has more than doubled, rising 135%
reaped a rise of 300%
E TRADE has returned
Ameritrade has returned 1,542%
management- Shift your brains out of reverse.
Another sign of a dying business that is killing
;-) !!! Actually, quarterly per
share earnings were up a penny, I suppose due to share
It will be interesting to see the breakdown. One
would think that after stringing a few similar
quarters, we should see some handsome bottom line
To the shorter of AGE, and perhaps RJF soon. I
applaud your efforts. At least you have the stones to put
up your money where IU/Turkey's endless post-rants
are. Long term, you are creating liquidity and value
for us longs, so go to it buddy.
Hell, I knew last year this company would earn
less. Other financial firms, large & small, have
increased share value through record breaking years. RJF?
Its stock price is where it was 2 1/2 years ago
because management has the brains of laundry lint.
"This 'telephone' has too many shortcomings to be
seriously considered as a means of communication. The
device is inherently of no value to us." -- Western
Union internal memo, 1876.
"Who the h*** wants
to hear actors talk?" -- H.M. Warner, Warner
"We don't like their sound, and
guitar music is on the way out." -- Decca Recording Co.
rejecting the Beatles, 1962.
"The wireless music
box has no imaginable commercial value. Who would pay
for a message sent to nobody in particular?" -- David
Sarnoff's associates in response to his urgings for
investment in the radio in the 1920s."
does a Internet Discount broker from RJF add?"--
Message #607 from Tec_1998 AKA white ratec boy AKA Ufool
it's nice to hear comments from people who have a
clue about the market, and more specifically, the
financial services sector.
Wwpl I couldn't agree
more, small caps still suck and this has always been
RJF's strength. They'll come around.
By the way
Tec, RJF reported earnings today. Revenues were up but
bottomline was down. It came out to a $1.76 (fully diluted)
vs. $1.86. Obviously Roney and the expansion impacted
the bottom line.
wrong track. Wake up and smell the $$$. These
dusty old-line firms are headed for the dirt. In this
regard, AGE is my hero. Do RJF broksters have Internet
access? Do they know what the Internet is? Do they have
e-mail? Do they charge reasonable commissions? Do they
have their clients' best interest? Are they
In the case of AGE, the answer to all is NO. Forget
the value earnings PE sector growth debt ratio
financial MBA crap. Their business model is archaic and
they will fail when their clients realize how they
have been robbed over the years.
Unless RJF can
answer YES to the questions, short it NOW!!
Noticed Legg Mason reported big revenue gains,
and big earnings gains as well in WSJ summary. Will
we see the same from RJF?
I don't follow LM.
I know they have a monster mutual fund with that
This board hasn't changed--still a bunch of huffy
whiners with nothing better to do than use foul language.
How about some constructive dialogue?
trading at 1.5x book value. Fair value is at least 2x. We
will see buying in financials here (MWD 3.4x, MER
2.1x, LM 2.9x, LEH 1.4x, AGE 1.4x, SWS 0.95x). Most of
the sector is undervalued. Who was babbling awhile
back about how Southwest was the answer? Check them
rjf investment banking and research and part of
its asset mgt is all about small stocks. until
wilshire 2000 starts to outperform s&p this company wont
do much. rjr s claim to fame was leading wall st
journal research competion for 10 years until last couple
of years. this was all due to small stock
outperformance this company will never go out of business low
cost business model 95% of brokers are independant
contractors so very very low breakeven cost also negligble
debt on balance sheet.