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Message Boards Settings MarketAxess Holdings Inc. (MKTX) - Quote Info
Can't Help Myself     29-Apr-09 09:58 pm    
I have been so over this stock for some time now, but I happened to read today's earning's transcript. $2.8 million in net income for the quarter, that would be roughly $11.2 million annually, right? Hummmm, didn't I hear Mr. McVey say cash balance has grown and now stands at $137 million? So absent any business whatsoever, this company earns about an 8.17% return on its cash position...a good return in this environment, but not particularly taxing to accomplish if you have the right manager...

I guess what I am getting at is the following...where is the growth? OK, so there was year over year growth in the quarter...HELLO, the market are better, that is a natural phenomena...bottom line, this management team simply safekeeps a cash balance and core franchise whose fortunes rise and fall with the tides of the marketplace. There's no entrepreneurial growth here...this company has $3 plus in cash value and is worth maybe a buck or two more than that because its the only game in town right now for ODD LOT electronic list execution. $10 stock price! I just came out of investor retirement to put on my one short trade of the year!
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imatuls


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Can't Help Myself
imatuls Not rated 29-Apr-09 09:58 pm  
 
Good luck with your short. It looks like Tim Geit...
roy10jqka Rate it 15-May-09 10:54 am  
 
MKTX had a virtual lock on entering and execu...
imatuls (1 Rating) 16-May-09 10:42 pm  
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MarketAxess Holdings Inc. (MKTX)

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On Dec 29: 13.70 0.00 (0.00%)
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