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A global financial services company, offering a range of financial solutions to retail and institutional customers.
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Recs
TMFDitty (98.39) Submitted: 11/13/07 1:29 AM : Start Price: $4.08 ETFC Score: 3.00
Best case, E*Trade bounces right back after Monday's freefall. After all, an analyst pointing to some numbers and expressing an opinion about them is hardly a material change in the situation -- the numbers were there all along. Worst case, the analyst was right, and E*Trade is headed for bankruptcy. The stock continues to fall. And what happens then? Somebody comes along and buys it on the cheap. Either way, I see suspect we'll see the price heading north in short order.
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TMFDitty (98.39) Submitted: 11/13/07 11:20 AM
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Oh, un-FAIR! Post an outperform rating after hours one day, and if the stock skyrockets in before-hours trading the next day, you don't get the benefit? Why did I not know this?
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abitarecatania (98.86) Submitted: 11/19/07 5:04 PM
A Rec for the attempt!
TMFDitty (98.39) Submitted: 11/26/07 12:45 PM
:)
equalfuture (46.60) Submitted: 1/08/08 6:24 PM
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I AM HOPING CITADEL WAS ALSO RIGHT ABOUT ETFC, CHECK OUT THERE TRACK RECORD, Citadel Investment Group up 30% in '07Chicago-based hedge fund reaches $20 billion in assetsBy Becky Yerak | Tribune staff reporter 7:19 PM CST, January 3, 2008 Article toolsE-mail Share Digg Del.icio.us Facebook Fark Google Newsvine Reddit Yahoo Print Reprints Post Comment Text size: Ending the year on a strong note, Citadel Investment Group LLC gained 30 percent in a volatile market in 2007, and the Chicago-based hedge fund has reached $20 billion in assets, according to a source familiar with the company's results.In contrast, the Dow Jones industrial average ended up 6.4 percent for 2007.In 2006, Citadel also topped 30 percent, helped by energy bets after it took over some assets from Amaranth Advisors LLC, which imploded in September 2006.That deal has continued to pay off in 2007, and Citadel has continued to make opportunistic purchases of distressed assets.In November, Citadel said it was sinking about $2.5 billion into E-Trade Financial Corp., which has been hurt by shaky mortgage investments, largely because it is a fan of the online discount brokerage's business model.In August, Citadel bought assets controlled by Sentinel Management Group Inc. after the Northbrook-based cash-management company froze client withdrawals.In July, Citadel, whose assets under management grew to $20 billion from $16 billion in 2006, took control of the remnants of Sowood Capital Management LP after the firm's two hedge funds lost more than 50 percent of their assets in the summer's market upheaval.And in June, Citadel paid $24 million in a bankruptcy auction for assets of subprime lender ResMae Mortgage Corp.Citadel Chief Executive Ken Griffin founded Citadel in 1990, after trading convertible bonds from his Harvard University dorm room.Today Citadel's strategy is to be involved in nearly every asset class, including energy, stocks, convertibles, emerging markets and derivatives.byerak@tribune.comMore articles
todaysitsx (< 20) Submitted: 4/14/08 5:07 PM
Is there a crapier stock to own than ETFC? I don't think so, maybe FWLT. These guys can't seem to do anything right.
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