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  • E*Trade: Very Undervalued [View article]
    The balance sheet is a mess, particularly if you focus on tangible book value. The company attributes $2 Billion in equity to goodwill. It is currently priced well above its tangible book value per share. It is leveraged a whopping 50:1 based on tangible assets.

    Gross profit is very good relative to market cap. It may be a undervalued, but you have to gauge value relative to risk. How stable are its assets?

    BTW, anybody know why Yahoo is reporting negative revenue? It seems to be a glitch.
    Oct 22 13:04 pm |Rating: +2 0
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