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Re: Det_Robert_Thorne post# 7910

Tuesday, 08/14/2012 8:37:52 PM

Tuesday, August 14, 2012 8:37:52 PM

Post# of 8575
I am a little disappointed in the Hightower acquisition quarterly net.

For the quarter ended June 30, 2012, the HighTower operations contributed approximately $190,000 in net income, which consisted of approximately $400,000 in revenues and $210,000 in expenses. These revenues were generated in combination with HighTower and SWK personnel. These results would not have been achieved if HighTower was a stand alone business.


To me it sounds like many HT clients fled. Revenue is nowhere near $3M/year which I would have assumed. The clients (or HT workers) may not have been happy on the sudden buyout announcement.

Might be the reason for the recent stock slowdown.
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