dan clue

E*Trade: Hindsight with Binoculars

At one time I was hoping Etrade (ETFC) would be bought out giving me a quick couple dollars. Now that I own over 30,000 shares I want to see them go it alone. I'm in for the long hall and I agree Etrade is slowly selling off assets of their non core business so that their profits and balance sheet will quadruple by the 3rd quarter and it will become more expensive if a company was to buy them or me out. Analysts won't upgrade Etrade because they would have to admit they were wrong and that they caused this problem. Analysts are losing their value with investors and if they are careful about being fair to companies like Etrade they will be out of a job. Etrade is getting leaner by getting rid of senior mananagment that caused this problem and ETRADE CEO and Chairman Layton is putting in people they he knows will grow the business profits. So I expect the stock to increase over the next week. I was surprised that Analysts didn't upgrade Etrade after first quarter results, they believed Etrade would report a billion dollar in mortgage writedowns in the first quarter, Etrade surprised them and reported out a 124 million dollar write down and with this write down they accelerated some write downs and defaults. Lets see others wrote off billions while Etrade wrote off millions, I looked at this as a positive. I do believe Etrade CEO Layton needs to be talking about the positives Etrade accomplished each and every week.