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"We would look to always target at least $2 of adjusted EPS to be a baseline earnings going forward in any environment"
- $VIRT COO during Q3 earnings call
W/ the stock at $23.50 today, that's ~12x management's "worst case" earnings.
Stock yields 4% today.
Not bad at all.
The "$2 minimum in all environments" comment helps answer investor questions like "we know this year is great, but what can we expect going forward?" Should help dampen volatility in the stock.
Virtu CEO @Dougielarge is a no-BS communicator and it's very refreshing:pic.twitter.com/7p4JqfVYkk
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