Broadpoint Securities Group (BPSG)

[Laize]

Warren Buffett would be pleased with this company.

This is a great company at a rock-bottom price. A buy I'm sure even Warren Buffett would love if it stood to make him any noticeable amount of money.

Their Q1 report came out with revenue 12% higher than their Q1 from last FY. Despite having to pay out a *FULL* 16.7% of their net revenue to the former officers who left, they still barely lost any money this quarter. Without that payout (or the tax benefit that resulted from it) their net income would've been approximately $9-$10 million, which would have exceeded analyst expectations. However right now all any of the sheep see is that they lost $211,000 this quarter and didn't look at WHY they lost it. Instead of being reasonable, people panicked.

Also considering their new research arm and loan service, their revenue will increase considerably by the end of Q2. They're also still keeping feelers out in the M&A market which, if they begin advising, would be a massive increase in revenues. I'd suggest getting it now while it's at rock bottom.