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8 pts

Opinion on  Charles Schwab Corp (SCHW)     Sector: Financial  >  Industry: Investment Services
Bearish on SCHW ...

Oct 11, 2006 07:23 PM UTC
Photo_26
Return Risk
-9.57% MID
Associate

If you think May Day was bad. These guys are in for a jolt as retail brokerage commissions head to zero. Zecco is just the first of these. Now BofA. This is not the type of stocks I want to be holding. If you pull the financials you will see that the average commission per customer has been dropping. Things will get worse.

Update 01/28:

I just covered this short which went against me. Long term E-brokerage business will suffer serious margin pressure. Schwab is most  likely to survive the commission bloodbath as it has diversified its offerings and positioned itself as a higher service offering.

SCHW:  This call was made on 10/11/06 @ $17.24
Rating:   Negative   $17.24 (10/11/06)
Closed:   01/29/2007 @ $18.81 (-9.11% in 110 days)


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Who voted on this idea?
Weiting Liu 39% 10/24/2006



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