NYSE Euronext (NYX)

defdaddy3 (< 20) Submitted: 3/24/08 10:04 PM : Start Price: $62.87 NYX Score: -27.88

NYX has garnered a lot of attention over the past 16 months due to lots of publicity (James Cramer infamously listing it as 2007 Growth Stock of the Year, John Thain leaving his CEO post to take over at Merrill Lynch, NYSE's merger with Euronext, and Grasso's lawsuit over the years).

Despite all of the bad press, NYX has fallen to new 52 week lows a few weeks ago and since then has steadily climbed up. Great news came out recently that the NYX management has decided to issue a $1billion stock buy-back after the Q3 AMEX deal concludes. On top of that, dividend was raised by 20%, Wombat Data Systems was bought for $200 million (perhaps to prepare for the SEC's decision to allow exchanges to broadcast real-time stock quotes to monthly users), aquiring CME's Metal Futures at a discount price, LIFFE's derivatives market is booming, NYSE Arca skyrocketing and the list goes on.

The reason for NYX's downfall over the last few months was b/c of its poor epxense control, but analysts feel that NYX is righting the ship and the 2nd half of the year could see NYX soaring up to hte $100 - $120 range, which would be a profit of around 80 to 100 percent. Now, I believe this will occur as we get closer to the conclusion of the AMEX deal in Q3 of 2008.

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