Ameritrade: Keeping It Real

Ugh! Ameritrade (AMTD) is one of those stocks that I kick myself over. It was an obvious buy 18 months ago and I missed it. (The blue line is the price on the left scale, the yellow is the EPS on the right scale.)
In October, the company won my “Earnings Guidance for the Year” award when it changed its FY07 EPS range to $0.98 – $1.22 from $0.99 – $1.21. Glad they cleared that up.
It was only a few months ago that the online brokers took a beating when Bank of America (BAC) announced its free online trading offer (30 trades a month for accounts over $25,000). This morning, Ameritrade reported earnings of 28 cents a share, six cents better than estimates. Profits grew by 69%. The stock is up big in today’s trading.

Posted by Eddy Elfenbein on January 16th, 2007 at 2:17 pm

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