Loading...
Symbols:
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
Transcripts
- Alnylam Pharmaceuticals, Inc. Q3 2008 Earnings Call Transcript
- eHealth, Inc. Q3 2008 Earnings Call Transcript
- MIPS Technologies, Inc. F1Q09 (Qtr End 09/30/08) Earnings Call Transcript
- Alexza Pharmaceuticals, Inc. Q3 2008 Earnings Call Transcript
- Alkermes, Inc. F2Q09 (Qtr End 09/30/08) Earnings Call Transcript
- Akorn, Inc. Q3 2008 Earnings Call Transcript
- Energy XXI (Bermuda) Limited F1Q09 (Qtr End 09/30/08) Earnings Call Transcript
- The Advisory Board Company F2Q09 (Qtr End 09/30/08) Earnings Call Transcript
- Thomas Weisel Partners Group, Inc. Q3 2008 Earnings Call Transcript
- The9 Q3 2008 Earnings Call Transcript
-
Editors' Picks
-
Most Popular
- General Electric: Genuine Risk of Collapse?
- Food: Against Self-Sufficiency
- The Fed: Now the World's Largest Private Bank
- Key to the Global Equity Market: Trend and Cycle Analysis of U.S. Retail
- Can a Global Economy Be Managed One Nation at a Time?
- Global Markets Week in Review: Turbulent Times
- Full list of Editors' Picks »
- Jim Rogers on China »
- Memo to Warren: AmEx Preferred at 15%, Warrants at $12 »
- Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor? »
- Peak Oil's Bell Is Ringing »
- UltraShort ETFs: At a Tipping Point? »
- The Biggest Problem Detroit's Big Three Face »
- 11 Stocks Selling Below Cash »
- Tech May Be a Wreck, But This Isn't 2001 »
- The Autos and Mentality That Ruined Detroit »
- Iceland: What It's Like to Live in a World Without Money »
- Wall Street Breakfast: Must-Know News »
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
Wez
170 Comments
E*Trade: Hindsight with Binoculars
E*Trade: Hindsight with Binoculars
Visa, MasterCard: A Chance to Profit as Markets Go Mad
Visa, MasterCard: A Chance to Profit as Markets Go Mad
Why the E*Trade Shorts Have It Wrong
Why the E*Trade Shorts Have It Wrong
Visa and Mastercard: The Mortgage Brokers of the Credit Card Industry
E*Trade: Primed To Turn Around?
I'm getting sick of the topic actually. I wish everyone here good luck on the recovery, I'll sit this one out. Way to many companies out there with huge revenue and profit increases to F with some question mark.
E*Trade: Primed To Turn Around?
E*Trade: Primed To Turn Around?
I wasn't complaining about being flamed, I was laughing at it. I'll make the argument that listening and believing what is said on company conf. calls is probably one of the biggest mistakes an investor can make. Do you really think a company's management would give anything other than a fully massaged and scrubbed depiction of what is happening? You claim to be a seasoned investor yet choose to list what a company says about itself as some sort of evidence of a turnaround? Have you ever heard positive comments on conf. calls and than seen a company unravel shortly after? How many stocks can we put onto a list that fit this scenario?
One of the mistakes I've made in the past when buying stocks is choosing to listen to one school of thought when I think it supports my case for owning a company. I to have thought that ETFC was possibly unfairly taken down and may represent a decent turnaround play. Than I started to think about all the competition in their space that isn't having the same problems. Than I started to remind myself that while a beat up stock may look good from a value point of view, often times where there is smoke there is found fire. With so many other companies flourishing in this market (i.e. GOOG, etc), do I really need to invest in a company where there is still a question with their long term viability.
You don't need to tell me to put my money in a mutual fund instead of owning individual stocks because I disagree with your few of EPS reporting. You choosing to believe that their 10c miss is meaningless, doesn't mean it is meaningless. I have plenty of money in mutual funds. I enjoy putting a portion of my investment dollars into individual stocks and the last thing I'm going to do with that money is listen to a bunch of anonymous internet posters sway what I feel has been a successful approach to investing.
First Solar Now in Its Third Leg Up
Next question for both of you, why spend so much time on multiple message boards talking about a stock? Anthony, you are margined to the hilt and making a killing, why not just enjoy the ride and brush off all the haters.
Marc, why not just sink a bunch of cash into FSLF LEAP Puts and move onto to a more constructive activity than fighting on these boards?
The amount of touting I see, in place of balanced discussions just makes me doubt what is being said. I enjoy hearing different points of view, but they rarely come from the same person.
E*Trade: Primed To Turn Around?
Is it possible that management has understated their exposure and possible further write downs?
Lets fast forward 3 months, this stock is at 5, 6, 7, 8, you pick the price...and they come out with another announcement like the one today? Will the market be as forgiving as it was today? I invest in companies, I don't trade stocks. When I can say, with confidence, that in 3 months this company will be fine thats when I like to invest. I suspect that type of sentiment is why this stock is at $4.
E*Trade: Primed To Turn Around?
Is it possible that the company management who say they don't plan on a dilutive raising of capitol could be underestimating the carnage ahead in the residential real estate markets. The tide is going out ahead of the tidal wave of mortgage & HELOC defaults and nobody seems to be running for cover. Anyway you slice it, this company is highly leveraged and if a significant portion of their assets is tied to residential assets that have a long way to go before a bottom is reached, the company will need to raise more cash somehow, somewhere.
Thats why the stock is at $4. Not because its been unfairly treated by the media or by a few crooked analyst. Supply and demand. Besides a very loyal following of people, like those represented here, there are a ton of people who don't want to get tied up in a company that "may" have further issues. They did lose $91 million with a big EPS disappointment.
Luckily this market has been shrugging off all bad news, thinking the bottom is in, but everyone here knows that this earnings report just a month ago would have cut this stock in half, again. I've been looking for an opportunity to pick some shares up because if the bottom is in, and they do return to profitability soon, than you guys are right, this stock will take off. This report was not exactly the good news I was looking for to get off the sidelines and pick up some shares.
If they said they had jettisoned their mortgage business instead of implying that it would turn around, I would of found much more reason to buy this thing.
E*Trade: Primed To Turn Around?
First Solar Now in Its Third Leg Up