 | From: sumsavvy (Rep: 26) | Date: 2011-10-19 18:25:13 | | Forum: Ladenburg Thalmann Financial Services - Thread #673311245 | Msg #399 - Part 1/1 (Rec: 0) | Highlights, and information...
"The Securities America transaction is truly a transformational event for Ladenburg. In terms of growth, the transaction will triple our existing base of revenue from $220 million for the 12 months ended June 30, 2011 to approximately $675 million of revenue on a pro forma basis for the same period. But it is also transformational in terms of our position in the industry – making us one of the leaders in the independent brokerage space. Upon closing, our independent firms together will have about 2,700 advisors and $70 billion of client assets, making us one of the industry’s largest independent brokerage networks. "
http://finance.yahoo.com/news/Ladenburg-Thalmann-Sends-bw-4165267049.html?x=0&.v=1
In the coming months, the stock price should appreciate significantly, imo. |
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