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Kansas City Southern Message Board

  • flyingrice flyingrice Jul 12, 2000 9:02 AM Flag

    new york times

    check out today's article on janus on nytimes business section.

    http://www.nytimes.com/library/financial/071200market-place.html

    a lot of people thinks janus is way undervalued.

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    • I tried to go to ny times, and they wanted all my
      info, so I did not read the article. You want to post a
      summary?
      I bought 50 more shares today at $95. What makes
      this noteworthy is it is the 3rd time I bought the
      stock. First time made good money and sold (too soon)
      second time I bought alot (for me) at $50 or so. Now I
      bought a little more, because I still think it is
      severely undervalued, and it is growing faster than it's
      pe..

      • 1 Reply to m_bonazzola
      • July 12, 2000


        MARKET PLACE
        Spinoff
        of Janus May Be Held Down by the Companies It
        Keeps
        By DANNY HAKIM
        hat is Janus Capital worth?

        Janus, the nation's hottest seller of mutual funds, will
        be officially spun off today from its parent, the
        railway operator Kansas City Southern Industries.


        For over a year, Janus executives and some of its top
        fund managers have openly denounced the transaction
        because the fund company is being packaged with Kansas
        City Southern's three other, far smaller financial
        holdings under the name Stilwell Financial. The executives
        argue that their company would be assessed a greater
        value in the market if it traded on its own.


        Recent acquisitions, spurred in part by a growing
        appetite for globalization, have put lofty prices on some
        asset managers, far more than that put on the Stilwell
        offering.

        "I think investors will continue to push
        management to unlock the value of Janus," said Henry McVey,
        an analyst at Morgan Stanley Dean Witter.

    • Thanks for the informative post. That explains the nice pop today.

 
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