Over the weekend, I went in search of a new online broker. What I found was not only a better broker than I use currently, but also a compelling investment opportunity. Interactive Brokers (NASDAQ:IBKR) ("IB" or "the company") is an undervalued online brokerage ("the brokerage") and market making ("the market maker") business, undergoing significant transformation which is causing shares to trade at a discount.
In particular, IB CEO and Founder Thomas Peterffy has indicated to the market that IB will wind down the market maker business if acceptable rates of return cannot be generated (generally defined as a 10% return on equity on recent conference calls), and return value to shareholders. I understand that the rise in high...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|