Last
year we improved on every major financial metric we track.
Earnings increased by $0.34 per share;
Operating margins increased by 45%;
The Company produced positive cash flow each quarter;
Our Debt-to-Equity ratio was lowered to 4%.
In addition, our net new account growth outperformed
our peer group on both a relative and absolute basis. New accounts
grew by more than one million, or 58%, despite the most challenging
market conditions.
We are also confident we can achieve at least $100 million in annual
after-tax synergies upon completion of the integration of Datek.
Last
year we improved on every major financial metric we track.
