ETFC: News, FRPT: Hammered!

Shares of ETFC suffered with the market free fall on Friday and closed at $4.27. I've provided links to the latest ETFC news and opinion here for convenience.


E*Trade, With Layton as CEO, Might Be Angling For a Sale-WSJ
What If E*Trade is worth Zero?-24/7 Wall St
E*Trade Chairman Layton to Add Role As CEO-Reuters
Schwab, Ameritrade, and E*Trade Sell Ways to Ward Off Bear Market Conditions-signonsandiego.com
Mr. Brown's Picks-Mo'ilil'ili Quarry
Read This Before Buying E*Trade-Seeking Alpha
E*Trade Financial: Great Company, Great Bargain-Seeking Alpha

If E*Trade is angling for a sale, as the Wall Street Journal suggests, it's a drastic 'turn-around' for E*Trade's much hyped turn-around plan.

FRPT absolutely tanked after market close on Friday on news that it would be delaying it's filing of it's annual report. When all was said and done investors were left with $3.27/share and no clue as to when FRPT will file with the SEC. The reason for the delay? "Significant accounting errors". I smell significant trouble. All the contracts in the world won't save us from an incompetent CFO who already has a history of failure. Can you say "Job Opening!"
Without some P.R. guidance Monday, this trade has unfortunately become a poor investment. By the way, still waiting on January and February production numbers, which does not boost our confidence.

Hope someone out there is making a fast fortune.