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A global financial services company, offering a range of financial solutions to retail and institutional customers.
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moneyrocket (99.45) Submitted: 4/04/08 4:02 PM : Start Price: $4.41 ETFC Score: 11.58
Etrade is tecnically insolvent by looking at financials. Due to the amount of short term debt due this year, and the low levels of liquidity at this firm I don't know how they stay in business short of assets sales if there is anyone even interested in buying them. This is what I call a value trap. The thing to watch out for are for the remaining customers to flee with their money to the competitors. Buy this at your own risk.
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prescient11 (< 20) Submitted: 5/05/08 9:20 PM
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You should probably do your research before spouting off, this is what I call a dd trap. Customers are not running for the door, unless you mean to deposit their cash. Cash levels have been stable since December, and now they are back to $35B (they were at $39B before the Nov. bk scare), which is far, far ahead of their projections. Etrade moreover is cash rich with a cap ratio better than Wells Fargo. Not sure what "financials" you're referring to. How much short term debt is due this year, by the way?
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eternallythank (< 20) Submitted: 6/01/08 11:38 AM
Wise men talk because they have something to say; fools talk because they have to say something. Plato
eternallythank (< 20) Submitted: 6/01/08 12:02 PM
Forgive me for leaving you confused Moneyrocket, less you think I believe you to be wise, sorry...but no. Your have impeached your own well, evidenced by your bucket of manure - fertilizer for for the daft.Even a savvy 6 child of six could understand (and many do) the manifest near term earnings ascent for ETFC. Your really don't understand business, do you Moneyrocket? No, No, I know you don't, but it's OK. I know you want to learn more and empower yourself to some day, think independently - Good for You my boy!But today, your just a tiny tadpole burping talking points from other little tadpoles.
gears777 (< 20) Submitted: 6/11/08 3:28 PM
Firm will be profitable by Q4. Stock is being unfairly hurt by other financial bad news like Lehman. Once merger rumors pop up the stock will move up big!
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