E*Trade continues to confound loyal longs as it struggles to gain traction in a suffocating market.
On Monday June 9th, ETFC closed at $3.81/share, a price it has not seen since late April. Given the overall sentiment of traders, it is still difficult to watch ETFC slide despite a positive flow of news this month:
TheBuyList.com 6/9/08 update showed 28 fund managers buying 1,426,375 shares of ETFC versus 5 managers selling 7,751 shares.
E*Trade Launches Groundbreaking Mobile Platform
SmartMoney ranks E*Trade The #1 Online Broker
To view a PDF version of the E*Trade presentation given 6/5/08 at The Sandler O'Neill Global Exchange and Electronic Trading Conference, follow this link:
E*Trade: 3 Areas of Focus to Unlock Shareholder Value
The presentation was given by Chairman and CEO Donald H Layton and shows some very positive metrics.
Tuesday, June 10, 2008
The E*Trade Mystery
Monday, May 26, 2008
ETFC and V....All In
After getting absolutely crushed (losses almost equivalent to a barrel of oil!) for 6 months now we have consolidated our positions to ETFC and V. E*Trade looks to be a waiting game, but one that I am daily growing more positive about. The company's turn-around plan is shaping up as promised and appears to be on schedule. Check out the long case for ETFC here:
E*Trade Primed for a Breakout
Seeking E*Trade's 'Magic Moment'
Entered a position in Visa on the dips and looking to see this one continue to perform well. This will be the 'anchor' for the portfolio. Need convincing? More Seeking Alpha perspective:
Visa Keeps Charging Ahead
We will hold through earnings season while we work on our plan of meeting our earnings goal by years' end.
Monday, March 3, 2008
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.
