Invesco QQQ Trust Series 1 (QQQ): Here is a breakdown of the company:...

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	0
Posts	12
Boards Moderated	0
Alias Born	10/13/2005

wallstreetdog23233

Re: mikemargin post# 3

Friday, 10/14/2005 1:57:08 PM

Friday, October 14, 2005 1:57:08 PM

Here is a breakdown of the company:

MAIN FACTS:

Employees -- 3,000 in 14 countries
Futures accounts worldwide - 250,000
Assets - over $20 billion
Client equity - over $4 billion
Shares outstanding - 127.5 million

OPERATIONS:
Refco Inc: Holding company for Refco's operations.
Refco Capital Markets: Brokerage services for execution, clearing, securities financing and lending, custody and trade processing, primarily in U.S. Treasuries and foreign exchange.
Refco Global Futures: Allows customers to trade in interest rate and equity index swaps, energy agriculture, foreign exchange and metals contracts across all derivatives markets.

Derivatives
In 2004 was the largest provider of customer transaction volume to the Chicago Mercantile Exchange. In its fiscal 2005 year processed more derivative contracts than the Chicago Board of Trade, the Chicago Board Options Exchange or the New York Mercantile Exchange.

Treasuries
Cleared over $13.7 trillion in U.S. Treasury repurchase transactions, the eighth largest in terms of cash transaction volume.

Foreign Exchange
Global foreign exchange transactions tripled in last three fiscal years to $1.22 billion in fiscal 2005.

Revenues
$1.3 billion in fiscal 2005, a compound annual growth rate of 23.6 percent since 2000.

Operating Profit
$150.6 million in fiscal 2005, a compound annual growth rate of 19.8 percent since 2000.

Stockholders
THL (affiliate of Thomas H. Lee Partners): 42.7 percent
Phillip Bennett (former chief executive), directors and management: 36.5 percent.
Public shareholders: 20.8 percent.

Phillip Bennett's salary (fiscal 2005): $4 million.

(Source: Refco's IPO filing)