Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : CSFB Direct(DIR) -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (395)	3/26/2001 11:18:46 PM
From: Joan Winston	Read Replies (1) \| Respond to of 406

Strange Valuation in ONLINE Brokerage. wrt to CSFBdirect it sounds like CSFB is trying to place a price on the NUMBER of accounts at around $880 each and saying this is rich compared to other online brokers. I truly hope they will take into consideration the fact that the average account holder at CSFB has almost 3 times the assets as the other discount brokerages. Also, it was the merger last year that stalled DLJDIRECT marketing and stifled account growth in the Fall 2000. The costly rebranding was only necessary because of the CSFB merger and it surely is responsible in part for the low stock price. CSFBdirect application is now powering and receiving revenue from many independent brokerages and these revenues are growing at an excellent rate but are not even being considered in their offering price. This seems almost unjust that they can now just suck these publicly traded stocks back in at a bargain basement $4 by a vote of the CSFB board of directors but it looks like they can because they own 85% of the stock. I look forward to reading their filings with the SEC on this one.