+ Watch CBOE
on My Watchlist
Div. (Yield) $0.72 (1.3%)Current Yield 2.98%
CBOE operates in the large and growing derivatives market. It's the global leader in options technology and innovation, and it has growth initiatives in place with new volatilay products and expanded trading hours to accommodate European traders. The company is incredibly profitable, with an ROE > 60% the past three years, and in the same time frame it has grown earnings at a compounded rate of >30%. And this is all in a market environment with historically low volatility. I'm betting that CBOE's profitability and growth initiatives should fuel market-beating returns over the next several years.
s&p 5 star07/03/13 11:25 am ET S&P REITERATES STRONG BUY OPINION ON SHARES OF CBOE HOLDINGS (CBOE 46.93*****): We raise our 2013 EPS estimate by $0.05 to $2.05 and keep 2014's at $2.35, which compare to consensus estimates from Capital IQ at $2.01 and $2.26, respectively. We are upping our target price by $4 to $54, applying a forward P/E of 23X, near peers. Yesterday, CBOE reported June trading volume up 28% year/year for index options and up 9% in ETP options, partly offset by a 12% decline in equity option trading. Pricing is higher for index and ETP products. Also, CBOE's VIX index futures product was up 105% year/year in June. We see increased market volatility benefiting CBOE. /Kenneth Leon, CPA
Zacks and Fidelity top ranks. 1of 4.
s&p 5 star
More volatility, more need to hedge
Below IPO price, suggesting undervaluation. Management seems to agree, as they are buying back shares. Proprietary options on S&P are growing in volume. Will release new exchange C2 in january, fueling growth. P/E reasonable with future growth rate. High frequency trading is on the rise, meaning higher commissions. Options use may continue to increase as well. No other major competitors in options markets; huge sustainable competitive advantage. Great PM, good Debt/Equity.
Not sure. Just needed a 7th Stock in CAPS.
Real life holding.Foresee an ever growing increase in options trading, and upcoming launch of further electronic options exchange services as well as product line growth.
There is nothing but upside here.I believe that option trading will continue to grow at an even faster pace than it has been. ( I believe 25%+ annually over the last five years) I also that think that as FinReg sets in, third-parties will be required to clear all Forex and other derivitive trades. CBOE stands to benefit from that. *I also like CME right now at the current almost 52w low of $238 for the same reasons.
I like the growth of this company in the longer term. Options trading will only get stronger.
Scruffy believes in this company.
biggest options exchange
In at the start. Entered the pick on CAPS more to track it rather than as a serious investment. Fun fact: The CBOE has more computer monitors than any other building on Earth. The planet Earth.
largest options exchange!
#1 in options. Still a possible take over target
I think it should go up from it's current price of zero :)All kidding aside - Late Monday, the exchange said it sold 11.7 million shares at $29 each, raising $339 million. The sale was at the high end of a projected range of $27 to $29.Ok we all know that the IPO market sucks right now, but if I may refer to CME's initial offering of $35 in December 2002. The stock rose 23 percent on the first day of trading and it's current price of $307 is a gain of nearly 800% over the stocks life.Some Chicago traders believe the IPO is a setup for a takeover of the CBOE. "The more transparent reporting and market established price for CBOE could be what other exchanges have been waiting for," said Morningstar Inc. analyst Michael Wong.Wong said the exchange is "a valuable asset that should generate returns" although it's revenue growth has leveled off and it faces acute competition in pricing. The CBOE collects more than 70 percent of its revenue in per-contract trading fees.Contributing- David Roeder of the Chicago Sun times, and Associated PressOk, since I want to make this pitch four hundred words I'll have to freeball it from here :)It's the Chicago Board Options Exchange. Been around since 1973, invented the volatility index VIX, if you want frozen orange juice concentrates this is the place you go (not literally you may want to check the stores for the physical product :) I actually don't believe that there will be a takeover, but if one does occur your up.This is one of the last exchanges that extensively uses floor trading, so there is at least a percentage of human element to it and not as susceptible to flash trading, or the proverbial fat finger.So in my mind I would be buying the Chicago Board Options Exchange. As with all initial purchase offers it's usually a good idea to wait for the excitement to die down so you can get fair market value.The CBOE used to run on the ownership of “seats” which were bought for a Kings ransom. 930 seats in total, which was converted to 80,000 shares of class A stock.“Former CBOT members who sued for a share of the CBOE because they had rights to trade on the options market will divide 16.3 million shares of class B stock”Sweet 405 words
IPO for the last market exchange.. no more of these around folks. Based on how the others did I think this one is a good play for a decent gain
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