Ameritrade (fka AMTD)

[RealOnestocktrader]

AMTD. Will somebody pick up the phone in less than an hour?! “We are currently experiencing longer than normal wait times. We apologize for the inconvenience.” I apologize but if the service doesn’t improve you will be hearing from my attorney.

[ernie44]

Nothing new and am not surprised----, because a lot of brokers went to SCHWAB because TD was paying them 'starvation-wages'

[FRED8]

HAPPY "LEAP" YEAR!

[FRED8]

Have a safe & happy holiday everyone.

[tedkov]

TD Ameritrade Shareholders File Lawsuit - Deadline for Shareholders to Join (via Business Journal)
December 19, 2019
Tags: United States TD Ameritrade Charles Schwab Corporate Affairs Mergers & Acquisitions

A group of TD Ameritrade Holding Corporation shareholders have filed a lawsuit alleging that the merger consideration is unfair.
Under the terms of the definitive merger agreement, TD Ameritrade shareholders will receive only 1.0837 shares of Charles Schwab stock for each share of TD Ameritrade common stock owned. This exchange ratio implied a deal price of $52.23 as of the last day of trading before the announcement. The TD Ameritrade shareholders have also alleged that TD Ameritrade directors have breached their fiduciary duties to shareholders. The shareholders contend that Charles Schwab should acquire the stock for no less than $60 per share. The shareholders further contend that the board is not acting for the benefit of shareholders but rather for their own self interests.

The lawsuit is seeking class action status and shareholders of TD Ameritrade who would like to participate with other shareholders in seeking to obtain a higher price are encouraged to contact the law firm representing shareholders before the deadline. There is no cost or expense for shareholders to participate, and in the event the lawsuit is unsuccessful, shareholders will still be entitled to receive the existing merger consideration assuming the transaction closes. Shareholders are encouraged to email at [e-mail] or call toll free at 800-511-7037

All rights reserved

[I-Man]

From TD this morning Mitch:


We're excited to announce that Charles Schwab and TD Ameritrade have reached an agreement for Schwab to acquire TD Ameritrade.

The combined company will retain the Schwab name, and will reflect the best that each legacy firm has to offer, including leading trading and wealth management platforms, investor education, award-winning service, and banking.* This should bring clients like you an outstanding investing experience.

For now, the transaction is subject to customary closing conditions and is expected to close in the second half of 2020. During that time, there should be no impact to your account or how you work with TD Ameritrade.

For additional information about the transaction, please visit www.amtd.com for details.

>>>>>>>>>>>>>

I think it's BS myself. Just go back to my posts just related to DRYS over past 8-10 years alone and TD's system regarding that stock and many improprieties many global investors tried to sue over, mysterious account problems, changes, orders gone that were there, etc... Technology has gotten way out of hand and too tricky. NONE of it is/has been good for the average retail investor despots ads and hype... Now we got ourselves another monopoly but in brokerage industry...

[Hawkeye_tt]

How big will the HIT be today after 1:25 ....??

Hawk

[User-700991]

I think the "ALL STOCK" deal suxs

Investors don't want another companies stock
The want the benjamines

As for the price, they could have done better

I did like the 80-100 million TD would get from AMTD each quarter, that helped a lot with earnings

So now TD is STUCK with a bunch of stock of another company
And won't get that, but a little dividend????

I worked for TD for years, on the tech side, so I would always watch this

To me
This is a huge let down

If it was all stock then it should have been closer to 30bill not 26bill

[I-Man]

What the hell do you think the TD stood for all these years ! They are Canadien... TD stand for Toronto Dominion, as in Toronto Dominion Bank. . This is/was their brainchild

[I-Man]

Would this constitute a monopoly now in US securities markets??? AMTD shares already down 1.50 early this a.m.

[I-Man]

Nothing is free. They still charge for OTC stocks and I see trend happening there as I posted last week. But there will be something done to offset this "free trade" nonsense...

Sounds like airlines or Duke Energy- "we are losing money", yet they make $26 Billion deal...??? Right...

[OldAIMGuy]

Hi DTG, Re: Recent AMTD Trade..............

It's not been exactly a straight path to profits here. More like a scary ride on a mountain bike!



At least I've not been pitched over the handle bars yet.

OAG

[DTGoody]

Congratulations,! This would have been the week for calls. We both knew it was undervalued in the $30’s. That’s the nice thing about ownIng the stock outright vs options where you only have a limited amount of time. Again congratulations on a very profitable trade!

[OldAIMGuy]

Hi DTG, I let 10% of my AMTD position go today at $49.38. That gave me a LIFO on my last purchase of +47.1% in just over a month. Now, I guess, I'll have to go find out about the potential merger.

OAG

[OldAIMGuy]

I've used both with good experience for decades.

It's nice to see the stock price recover much of what was taken away with the "Zero Commission" wave that occurred back at the start of October. I'll liberate some of the shares purchased during the decline.

OAG

[brandon17617]

Huge gap up for $AMTD

[TheFinalCD]

I think they both have their negatives and problems

they need to hire me after the merger to help them work through the problems

[TheFinalCD]

52.52 now hit 53.64 on its way to test 57.88 HOY

AMTD

[User-700991]

so TD bank owns half of AMTD
Wonder if they get the 13 billion (basically half)

I smiled as I own both

but I'll miss the AMTD payments to TD each quarter for 80 to 100 million
it's been a great ride

[TheFinalCD]

Charles Schwab is reportedly in talks to buy TD Ameritrade
https://www.cnn.com/2019/11/21/investing/charles-schwab-td-ameritrade/index.html

Charles Schwab buying TD Ameritrade for $26B
https://www.foxbusiness.com/markets/charles-schwab-buying-td-ameritrade-for-26b


AMTD
SCHW

[I-Man]

I sincerely hope when Schwabb buys TD Ameritrade, he will "clean up" their dirty little brokerage operation... Restore some honesty and integrity again for retail Americans who use their system.

[OldAIMGuy]

Thanks, I try to keep the Banner waving:



and even Bling.....

[DTGoody]

Very interesting! By the way I love your signature:

Buy from the Scared; Sell to the Greedy.....

[OldAIMGuy]

Hi DT,
There was a Barrons article that says basically the same thing this AM:
https://www.barrons.com/articles/td-ameritrade-appears-ripe-for-a-merger-but-ceo-wont-show-his-hand-51571769636?siteid=yhoof2&yptr=yahoo

Here's where my holding stands today:

[DTGoody]

Thanks Tom! Now the $64,000 Dollar Question would be the exact timing of that merger? Then to have calls in place for it to happen? Fortunes could be made on it. Have an awesome Day!

[OldAIMGuy]

Hi DT, Re: AMTD potentials...............

Earnings and general business were probably good enough to keep the stock on the recovery path of late. However, I'd not heard a word about the potential of a sale or merger before this news item:
https://finance.yahoo.com/m/cc1d7d8d-5f60-390d-93b2-b1dadb5fc499/td-ameritrade-appears-ripe.html

I've done well with the more "retail" brokerage stocks over the last 2 or 3 decades. However, through mergers, etc I keep losing them as investment vehicles. If it happens again here I hope we're left with yet another one to keep as an investment.

The stock price action of the last month wouldn't lead me to believe there's an active potential merger awaiting a decision.

Tom

[DTGoody]

Hopefully the call goes well! I have already taken my profits on my AMTD calls this morning @ 1.00 Not bad from my .30 entry. It won't be long before AMTD gets back into the $50's in my opinion.

[OldAIMGuy]

Earnings Call after today's close......

[DTGoody]

Very Happy with todays report! Hoping to open up in the $40's tomorrow!

[Hawkeye_tt]

Nice Q report. Good new cust. #'s.

Hawk

[DTGoody]

AMTD looking Good today!

[DTGoody]

[DTGoody]

[DTGoody]

Lets see $45 post earnings!

[DTGoody]

Let's see if we can test $40's up into earnings?

[DTGoody]

Maybe these two positive articles on AMTD being undervalued in the last week have helped:

https://seekingalpha.com/article/4295610-td-ameritrade-0-commission-world

https://seekingalpha.com/article/4295084-use-current-turmoil-buy-td-ameritrade-long-run

[OldAIMGuy]

It does appear there's some modest accumulation of shares today. Also, there's been significant buying the previous two days at end of day. Maybe the pendulum is starting to swing the other direction.

Tom

[DTGoody]

Sweet New Day High AMTD! Keep Going Baby! All the way to $45 Dollars into earnings!

[OldAIMGuy]

Re: This selloff was way over the top!

My thoughts, too.

Tom

[DTGoody]

Very Nice! You are already up a couple of Bucks on those! As long as the market holds up, I think we will keep seeing AMTD inch up as we get closer to earnings. Also I wouldn't mind seeing a couple of analyst upgrades along the way! :) This selloff was way over the top!

[OldAIMGuy]

My shares bot on the 9th are looking better already.

[DTGoody]

AMTD slowly climbing its way back up to the $40's. I Hope that we are there before earnings. I doubled down on my Oct 25th $38 calls yesterday! I am holding a ton of these for earnings. If I am right about AMTD this will be my biggest payoff in options for year 2019. I really believe AMTD is undervalued here at $35 per share. My target is $45 prior to October 25th.

[DTGoody]

I got a message from E-Trade tonight stating that they are going to be charging commissions on OTC stocks. So it looks like T.D. Ameritrade isn't going to lose all of their penny traders to E-Trade after all.

[DTGoody]

Thank You Tom,

I appreciate that info. I myself am not invested in the company. However, if I would invest in a Big Board AMTD looks like a solid company to me. I am however playing options on the upcoming earnings. I bought Some October 25th calls, and some Nov. Calls. The $38 calls are dirt cheap for October 25th.

I really believe the market over reacted on the zero commissions. I believe the earnings report coming out on T.D. Ameritrade will easily put AMTD back to the mid $40's. I'm hoping to see a very Big Payday on those contracts that I am holding.


Take Care,
Dave

[Hawkeye_tt]

Many were buying Calls for the bounce.

Hawk

[OldAIMGuy]

In looking back on my AMTD holding I'm not unpleased with it even with the setback on commissions. I looked to see what Value Line had to say and they don't think it will have that significant an impact on earnings.

I trade around a core position buying from the scared and selling to the greedy. It's worked okay for me for a long time. I've traded various retail brokerages over the years and AMTD is my current holding.

AMTD History 
 Current Share Count                     +18.7% from Start 
 Current Cash in Reserve                  +8.0%   "    " 
 Current Price/Share                      -7.8%   "    " 
 AMTD Holding Value (Stock + Cash)        +9.0%

Value Line seems to think AMTD has a 3-5 year appreciation potential of $75 to $115. That equates to a 23% to 36% annualized return. With a trailing P/E of 9.2, current dividend of about 3.5%, a Price/Book Value of around 2.0 it's hard for me to resist adding to my position.

We'll see how all this "free commissions" stuff plays out. My guess is they'll add a little to margin and cut back a bit on interest on cash and won't even notice the change in income/share.

Best regards,
Tom

[DTGoody]

Interesting as they are still charging on OTC trades.

[Hawkeye_tt]

Not w/ the recent Cut by all on Commissions.
Race to 0 is the talk.
IMO

Hawk

[DTGoody]

What if earnings are good on the 21st? Think this can pop back up in the $45 to $50 range again?

[Hawkeye_tt]

% Rev, from Commissions.

Hawk