>Knight Capital: No longer recommended

November 4, 2009

>Our Dallas presenter is no longer recommending Knight Capital Group (NITE: NASDAQ). The company has unexpectedly increased its investment in growth opportunities, which won’t yield results in the next several quarters, hurting margins in the meantime. Payments for order flow have also gone up. The story still has long-term appeal, but the risk/reward ratio in the near to medium term is no longer favorable, in the presenter’s opinion.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: