Is Interactive Brokers Group (IBKR) Trading At A Premium Before Earnings?
Interactive Brokers Group has delivered very strong long term share gains, which puts fresh attention on a basic question for anyone looking at the stock today. Is the current price adequately supported by the broker's earnings power, or has enthusiasm for its business moved ahead of what the income statement can justify? Over the past 5 years the stock has returned about 4x, so any fresh position now rests heavily on what those gains imply about the earnings investors are willing to pay...
Interactive Brokers Group has delivered very strong long term share gains, which puts fresh attention on a basic question for anyone looking at the stock today. Is the current price adequately supported by the broker's earnings power, or has enthusiasm for its business moved ahead of what the income statement can justify?
Over the past 5 years the stock has returned about 4x, so any fresh position now rests heavily on what those gains imply about the earnings investors are willing to pay...
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