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IBKR opens @ 50 or so.
- Thread starter demoship
- Start date
What A Mess
Interactive Brokers (IBKR), the automated broker and market maker, posted some ugly numbers this morning and paid dearly. The company went public in early May at $30, raising $1.2 billion. It reached as high as $34.25.
Today's weak earnings took the stock below $25. Pro forma net was $12.4 million, down from $13.8 million in the same quarter last year. Revenue was close to flat at $300 million.
With total trades handled by the company rising 40% from last year's quarter to this, it is hard to imagine how the company did so poorly.
It appears that perhaps it is an IPO that should have never happened.
Douglas A. McIntyre can be reached at
Interactive Brokers (IBKR), the automated broker and market maker, posted some ugly numbers this morning and paid dearly. The company went public in early May at $30, raising $1.2 billion. It reached as high as $34.25.
Today's weak earnings took the stock below $25. Pro forma net was $12.4 million, down from $13.8 million in the same quarter last year. Revenue was close to flat at $300 million.
With total trades handled by the company rising 40% from last year's quarter to this, it is hard to imagine how the company did so poorly.
It appears that perhaps it is an IPO that should have never happened.
Douglas A. McIntyre can be reached at
Quote from flytiger:
Are they saying guys trading on inside information cost the desk money? I think thta is what this says.
That's the way I read it. They must have been short gamma on deal stocks. I would think they would play some hard ball to try and recoup that, either by getting political pressure on the SEC or by bringing their own private securities fraud suits.
blackguard loves this stock here around 26.
long and strong. this is a longer term investment not a short term trade.
blackguard
long and strong. this is a longer term investment not a short term trade.
blackguard
not too bad. Up almost 2 points already w/no drawdown to speak of.
longer term, Im looking for at least 50.
good luck to all.
blackguard
longer term, Im looking for at least 50.
good luck to all.
blackguard
Well well well. I just looked on my focus list to find Interactive Brokers tanking down in the afterhours session. Some people called me an idiot with many other names when I went ultra-bearish on Interactive Brokers stating it was the next Vonage.
This one I am not wrong on in the least.
This one I am not wrong on in the least.
Quote from michaelscott:
Well well well. I just looked on my focus list to find Interactive Brokers tanking down in the afterhours session. Some people called me an idiot with many other names when I went ultra-bearish on Interactive Brokers stating it was the next Vonage.
This one I am not wrong on in the least.
You are right, you are idiot