TD Ameritrade (NYSE:AMTD) is about to release earnings results. Consider this bear case scenario as management speaks about earnings results. Big strategic acquisitions, which drove TD Ameritrade’s growth, will no longer be a factor. They still need to find a way to engage loyal long-term investors. They are a more stable customer base. Active or hyper active traders are not sustainable in the long run.
George Gutowski writes from a caveat emptor perspective.