Seeking Alpha

Nasdaq OMX's (NDAQ) current cheap valuation in relation to peers may have to do with investor...

Nasdaq OMX's (NDAQ) current cheap valuation in relation to peers may have to do with investor perception it's just a stock exchange. This leaves out derivatives, market data, issuer services, technology, and broker services. A sum-of-the-parts analysis puts the stock's valuation at $54 (currently $31), while BMO conservatively pegs takeout value at $38.
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