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Stocks L / LaBranche & Co., Inc.


Subject:  Evalution Date:  1/24/2002  12:44 PM
Author:  faye5186 Number:  63 of 69

Some time back, I said that anytime you can buy this stock for under $40, it's a bargain. Since then, the picture appears to have changed. While I still have confidence in this old Wall Street firm, I now think it is currently at or close to its present value, and while I will Hold for awhile, I would not rush out and buy more just now. The debt level appears to be improving, and the firm has done a lot of expansion by acquisition in the past couple of years, but I am not fully understanding the action recently taken by some senior staff in turning over stocks to a Trust. Can anyone help me here?
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