PJC has strong growth coming from mergers and acquisition business. PJC over $80 by November 2004.
"Both firms posted strong increases in the mergers and acquisitions advisory business. Goldman's revenue from this sector doubled from a year earlier to $513 million; Morgan's rose 130 percent to $324 million as its market share in the sector nearly doubled."
Comparing PJC to Goldman is like including a Bentley and a Kia in the same list for a new car. PJC will never live up to such expectations. They key "driver" will be overall business - PJC benefits when there are too many deals for the big guys to handle - capacity play. Based on what I have heard from the big dogs, I don't see that as an issue.
Now, I can not understand your rationale, when this is a relatively new IPO. And, everybody I understand the growth potential of a fianacial IPO longterm is a very important investment opportunity. So, please when you post, your remarks, post some kind of source and information that add to your credibility.
Recommendations Current 30 Days Prior 60 Days Prior 90 Days Prior Strong Buy 3 3 3 3 Buy 1 1 1 1 Hold 0 0 0 0 Strong Sell 0 0 0 0 Sell 0 0 0 0 Total 4 4 4 4 Mean Strong Buy Strong Buy Strong Buy Strong Buy