dpinvest

E*Trade Financial: Great Company, Great Bargain

How much more of the $12B in mortgages on the books will need to be written off? What is this company's plan for returning to profitability? Perhaps a deal hasn't been done yet because no one wants to buy a bunch of mortgage liabilities hanging on an unprofitable brokerage business, that is overleveraged with high interest debt/pref stock.

E*Trade Financial: Great Company, Great Bargain

Mr. Deen's article on E-Trade fails to even mention the fundamental debt & earnings outlook of this company. Book value evaporates quickly when you lose money & incur high debt levels at high rates. Why should any of us own this stock? How do we know that E-Trade won't have further large mortgage writedowns?