LAB - LaBranche & Co. Inc. (LAB)


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LAB - LaBranche & Co. Inc. (LAB)

che ne pensate ?? OK!
ma questa puo avere conseguenze sul business?

The New York Stock Exchange has booted three former LaBranche (LAB:NYSE - commentary - research - Cramer's Take) employees for failing to cooperate with an investigation into abusive trading by Big Board specialist firms.

The three former specialists, Eugene McCarthy, Vincent Papandrea and Anthony Picerni, each failed to appear before NYSE regulators to answer questions about their activities. Rather than testify, each man chose to settle with the NYSE and agree to a permanent ban from working again as a specialist.

LaBranche is one of five major specialist firms that drive trading on the Big Board. Two years ago, LaBranche and the others paid $242 million in fines and restitution to the Securities and Exchange Commission to settle allegations they violated their obligation to give investors the best possible price on a stock.

Regulators found that the specialists, in some instances, improperly made proprietary stock trades ahead of their customers' orders. In other words, the specialist firms took advantage of their customers by first making their own trades and then completing a customer's at an inferior price.

Specialist firms, which earn commissions for matching buyers and sellers on an exchange, also make money from trades made to smooth out fluctuations in stock prices. The firms are permitted to make proprietary trades for their accounts, but not at the expense of any customer.

The NYSE said it is continuing to "pursue those specialists and clerks who abused the public's trust.''
i numeri mi sembrano interessanti solo non capisco il 22% di short... :mmmm:

per gli analisti tecnici....

a che prezzo si potrebbe entrare ??

-zeneize- ha scritto:
i numeri mi sembrano interessanti solo non capisco il 22% di short... :mmmm:

dove hai preso questo dato ??

grazie !!
i fondamentali non sono niente male
Revenue (TTM) 1.74
Book value (MRQ) 13.74
Cash (MRQ) 8.07

short in diminuzione
Shares short 11.17 2.97%
Short interest ratio 14.51 -43.44%
Percentage of float 21.04 2.97%

è praticamente ai minimi annuali
Last close $8.63
52 week high $17.90
52 week low $8.10
LaBranche Posts Lower Q3 EPS Despite Higher Revenues- Update
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16 October 2006, 08:32am ET

(RTTNews) - Monday morning, LaBranche & Co Inc. (LAB), a registered broker-dealer, announced third quarter earnings that came in below last year despite higher revenues.

The company said net income for the three-month period ended September 30, 2006 declined to $7.8 million, or $0.13 per share as compared to net income of $9.2 million, or $0.15 per share, for the third quarter of 2005. On average, 3 analysts polled by First Call/Thomson Financial expected the company to earn $0.11 per share for the quarter.

Mentioned Last Change
LAB 8.75 0.12dollars or (1.39%)
LaBranche said excluding the net gain attributable to the increase in value of the company's NYX restricted shares; net operating loss for the third quarter of 2006 was $2.1 million, or $0.03 per share. The company said it generated positive cash operating income on a pro forma basis, which excludes the effects of the NYX restricted shares, depreciation, amortization, stock based compensation and non-cash tax adjustments. Excluding these non-cash items, LaBranche said its cash operating income was $1.4 million for the quarter ended September 30, 2006 compared to $8.0 million for the prior year period.

Revenues for the 2006 third quarter increased to $125.4 million from $83.7 million for last year's third quarter. The 2006 third quarter revenues included a pre-tax gain of about $17.6 million in connection with the increase of the estimated fair value of the restricted shares of NYSE Group, Inc., or "NYX," common stock held by the company.

LaBranche said net income for the nine-month period rose to $97.73 million or $1.59 per share from $20.15 million or $0.33 per share in the prior year period. For the nine months ended September 30, 2006, revenues increased to $475.2 million from $228.8 million in the comparable prior year period.

LAB closed Friday's regular trading
sono dei market maker?

Companies represented by LaBranche & Co. enjoy reduced volatility, tighter spreads, increased liquidity and better trading continuity than many of their NYSE peers. This superior level of trading is accomplished through a unique blend of capital commitment, trading skills and management involvement at the point of sale.
As the most highly capitalized Specialist firm on the NYSE, we use our capital on behalf of our listed company clients and consistently earn the highest rankings in all measures of Specialist performance, including capital commitment, depth and trade continuity, and quotation spread.

The world-renown companies we represent and an entrepreneurial spirit fostered by our independence-minded culture attracts the top trading talent on the floor. Our Specialists are experienced and knowledgeable in every industry and are devoted to keeping abreast of corporate and industry developments. They work closely with our team of highly experienced managers, including several floor officials, governors and a NYSE director, to assure our clients receive the quality trading they deserve.

Hanno resistito anche alla crisi del '29
Our History
The following is a timeline highlighting some of the events that have shaped LaBranche for over a century:
January 1901 George M.L. LaBranche begins trading US Steel on the Broad St. outdoor curb exchange.
April 1903 Mr. LaBranche moves into the new NYSE facility on Wall Street.
January 1924 George M.L. LaBranche forms LaBranche & Co. with his son George M.L. LaBranche Jr. with three stocks.
October 1929 LaBranche & Co. becomes the Specialist in AT&T.
October 1929 Stock market crashes - record 16 million shares traded on October 29.
May 1933 Securities Act of 1933 enacted.
June 1934 Securities Act of 1934 enacted.
December 1966 Transmission of trade and quote data from Floor is fully automated.
April 1975 Fixed commission system abolished.
June 1975 LaBranche & Co. acquires Stonehill, Gitterman and Co.. Now has 10 seats and 37 stocks.
June 1975 Full consolidated tape introduced.
March 1976 Designated Order Turnaround (DOT) system inaugurated.
March 1976 Alternative listing standards adopted to facilitate listing of non-U.S. companies.
May 1976 Specialists begin handling odd lots in their stocks.
April 1978 Intermarket Trading System (ITS) inaugurated.
January 1990 LaBranche & Co. acquires Specialist firm Agora Inc.
December 1992 Glaxo, a LaBranche listed company, becomes the first non-U.S. company to be the most active NYSE issue.
August 1996 LaBranche & Co. conducts first client satisfaction survey.
May 1997 LaBranche & Co. is first Specialist to host educational conference for listed company clients.
June 1997 NYSE begins trading stocks in increments of one-sixteenth.
July 1997 LaBranche & Co. acquires a portion of the Specialist operations of Stern Bros., LLC.
August 1997 LaBranche & Co. acquires Specialist firm Ernst, Homans, Ware & Keelips.
July 1998 LaBranche & Co. acquires Specialist firm Fowler, Rosenau & Geary, LLC and becomes the leading Specialist in dollar volume traded on the NYSE.
August 1999 LaBranche & Co. launches IPO to become the first independent publicly-traded Specialist firm.
March 2000 LaBranche & Co. acquires Specialist firm Henderson Brothers, Inc.
March 2000 LaBranche & Co. acquires Specialist firm Webco Securities, Inc.
December 2000 LaBranche & Co. acquires the assets of an AMEX options Specialist.
January 2001 NYSE begins trading all stocks in decimal increments.
February 2001 LaBranche & Co. is first Specialist to begin wireless communication pilot from Floor to clients.
March 2001 LaBranche & Co. acquires Robb Peck McCooey Specialist Corporation.
August 2001 LaBranche & Co. acquires Cranmer & Cranmer, an American Stock Exchange Specialist firm.
October 2001 LaBranche & Co. acquires Specialist firm Bocklett & Co.
January 2002 LaBranche & Co. launches LaBranche Financial Services.
March 2002 LaBranche & Co. acquires AMEX Specialist firm Goin & Co. LLC.
June 2002 LaBranche & Co. launches LaBranche Structured Products, LLC as an options trading specialist.
September 2002 LaBranche & Co. acquires Rights Specialist firm Hochstin & Co.
June 2004 LaBranche & Co. launches LaBranche Structured Products Specialists, LLC as an ETF trading specialist on the NYSE.
non sono dei fulmini di guerra,
Return on Equity (TTM) 14.85
% Return on Equity - 5 Year Avg. -1.27
debito elevato.
Long term debt to equity (MRQ) 55.86 N/A N/A 61.90
Total debt to equity (MRQ) 58.81
questo istituzionale ha incrementato a giugno la loro quota
Horizon Asset Management, Inc. bought 535,261

questo è entrato ex novo
Alson Capital Partners, L.L.C. bought 2,050,000
trnasazioni avvenute il 30\6\2006
LaBranche & Co Inc. (LaBranche) is the parent of LaBranche & Co. LLC, one of the largest Specialists in equity securities listed on the New York and American Stock Exchanges. LaBranche is also the parent of LaBranche Structured Products, LLC (LSP), a Specialist and market-maker in options, exchange-traded funds and futures on various exchanges. As a Specialist, we play an integral role in both the NYSE and the AMEX floor-based trading auction model by acting as the exclusive broker (i.e., agent) or market-maker (i.e., principal) in our portfolio of listed company stocks and options. The Specialist facilitates all buying and selling of securities of the companies it represents by bringing timely information, critical expertise, and needed liquidity to the forefront of the auction market place. Another subsidiary of LaBranche, LaBranche Financial Services, Inc. (LFSI), provides securities execution, clearing and direct-access floor brokerage services to institutional investors.
gran parte del debito è long term
Short term debt(2006) 16,610 3,000(2005)

Long term debt (2006) 467,837 481,425(2005)

situazione immutata rispetto all'anno prima.Una piccola parte è diventata short term
già fatto giretto interlocutorio;)
il grafico è decisamente interessante. Sui supporti ma moderatamente in ascesa


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