Chicago Board of Trade

Dr. Zhivodka · Oct 24, 2005

You know what's really weird man....and kinda sad too.

I've gone back and looked at some threads that you started or participated in as Super-ego only to see you as Pabst come right in behind and take the other side of you as Super-ego.

Trippy

I'll never understand this fantasy world of multiple personality on-line psychosis that some of you people live in.

Too bad you lost the electionâ¦.you would have been an exquisite politician.

super-ego · Oct 24, 2005

Nah, that's the Answer.

Dr. Zhivodka · Oct 24, 2005

too funny on the switching of handles on the post above. First, it was Pabst now it's Super-ego.

you're some peice of work man.

Dr. Zhivodka · Oct 24, 2005

OMG!!!!

Pabst = Super-ego = Babak too!?!?

You gotta be kidding me.

That is too freaking funny. They way you as Babak have been tearing Rubberbird a new asshole all the while kissing his ass as Pabst.

I'm laughing my ass off right now, serious, this too freaking funny.

Enfinity · Dec 16, 2005

Now at $91...was at $126 on the day of the post.

Quote from Enfinity:

Some thoughts of my thoughts on the CBOT IPO.

-Uses Euronext Liffe's LIFFECONNECT for matching, not its own system
-In 2003, Exchange fees accounted for 75% of revenue ($285mm); 2004, only 54% of revenue ($204mm)
-Uses CME's CME/CBOT Common Clearing Link for clearinghouse
-Clearinghouse fees increased from $1.158mm in 2003 to $73.556mm in 2004.
-Clearinghouse house costs increased from $972m in 2003 to $54.755mm in 2004.
-82% of all contracts cleared are for Financial derivatives â¦
-CME is the largest US financial derivatives market
2005 first-half net income was $39mm; annualized we will assume $78mm for fiscal 2005

There is a float of 52mm shares and only 3.163mm have been offered to the public. *6.1% of float*

EPS: $78mm/52mm = $1.5/share
P/E 10/21: $126/$1.5 = 84

There is a lockup on the stock for 6/12/18 months 1/3 of shares free to trade every 6 months.

Compared with CME:

-IPO issued 13% of float, BOT only issued 6% of float so the rest of those shared will be coming in 6 months.
-CME makes money for clearing BOT's trades
-Euronext Liffe makes money for matching BOT's trades
- CME largest US financial derivatives exchange

Here is the kicker though, CME with all 34.37mm shares outstanding is only trading at a p/e of 44.

This is probably a decent short term "play," but watch your back long. Of course, I could be wrong and they could regain their lost market shareâ¦they are only the third largest options exchange in the us now!

I am a bull, but this is one I see being bought out or dying for lack of any particular CA!
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Vinny1 · Jan 14, 2006

The stock was as high as $134.50 and now it's back to $89.62.I should have sold my 1000 shares when I was up higher.Damn it...I hate the stock market...nothing but gambling.

Vinny1 · Jan 14, 2006

From Boiler Room..."Please Seth,I need the money back,that money was supposed to be for a down payment for a house for my family,and now we're going to lose the house."

Pa(b)st Prime · Oct 6, 2006

Quote from Restricted:

Wed October 19th, BOT 54.00.

Thurs October 27th, BOTCQ .36

Underwriters laughing at you over a beer.....Priceless.
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