prescient11

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108 Comments

    • Wed May 21st 09:55 AM | Rating: 0 0
      Commented on:
      E*Trade Increases Authorized Shares to 1.2 Billion
      To be clear, and I mean crystal clear, and perhaps the editors of Seeking Alpha need to make a correction here:

      No new shares are involved with this registration. It is merely a shelf filing regarding the shares and debt that Citadel and Blackrock already hold.

      No more dilution, period. I think this may give the wrong impression. Best regards.
      View article »
    • Fri May 16th 11:50 AM | Rating: 0 0
      Commented on:
      E*Trade Primed for a Breakout
      Great article, thank you. I look for at least $10 by 1Q in '09 and would be ecstatic with $15. If the first lien loan portfolio falls in line, watch out, this will take off like a rocket.
      View article »
    • Mon Apr 28th 09:53 AM | Rating: 0 0
      Commented on:
      E*Trade: Hindsight with Binoculars
      My apologies, that last comment was directed at mkingz, who obviously is a liar.
      View article »
    • Mon Apr 28th 09:53 AM | Rating: 0 0
      Commented on:
      E*Trade: Hindsight with Binoculars
      User 184376:

      Please, stop lying. "lost stock certificates"?? And the SEC actually helped you. I hope no one would be foolish to believe such idiocy. I'm sure the SEC was ready and able to help you on your "customer service" issues. And I've got a bridge to sell you.
      View article »
    • Sun Apr 27th 15:16 PM | Rating: 0 0
      Commented on:
      E*Trade: Hindsight with Binoculars
      Thank you for a great article on Etrade and its turnaround. It is happening and quicker than most expected. Etrade now has a capital ratio on par with JPM and better than WFC. I guarantee that the next
      Q Etrade will have a better cap ratio than any major bank. It is a cash rich company. Not only are they on track with the turnaround plan, but it is happening at a quicker pace than ever expected and the mortgage portfolio is behaving better than expected. The first lien mortgage portfolio is behaving a little worse, but this only affects Etrade's earnings, and has nothing to do with their capital, since they have a great position in those properties. The HELOC portfolio has experienced declining delinquincies. All good news.

      For all beleaguered longs who have seen the incredible progress accomplished by Etrade in so little time, we wish to extend our thanks to Seeking Alpha for continuing to provide objective coverage on a stock that continues to be the victim of incredible manipulation and biased reporting. Once again, Seeking Alpha proves itself to be a valuable resource to the retail investor, when all others fail to do proper diligence.

      Jegan, you are nothing but a well known basher with an agenda and have offered nothing to the discussion. At least you are consistent in your idiocy.

      Jegan
      View article »
    • Fri Apr 25th 12:09 PM | Rating: 0 0
      Commented on:
      Why the E*Trade Shorts Have It Wrong
      Jk12,

      How is ETFC undercapitalized? Do people actually do research anymore? Tier 1 risk capital ratio is 12.4%. That is the same as JPM and better than WFC. After the 2Q, I would wager that you will not find one large bank with a better capital ratio than Etrade.

      Second, what toxic mortgages are you referring to? No subprime (1/5 of 1%), no option arms, no interest only loans, etc., etc.

      HELOCs are in line with risk estimates. First lien residential mortgages are fine. They are hurting earnings right now, but have no effect on the cap ratios.

      So again, I ask you, what exactly are you referring to?

      Know this and know it well, Etrade is as solid as a rock and only getting stronger from a balance sheet perspective. By the 2Q conference call, they will have a stronger balance sheet than any large commercial bank, guaranteed.
      View article »
    • Fri Apr 25th 11:58 AM | Rating: 0 0
      Commented on:
      Why the E*Trade Shorts Have It Wrong
      Egg,

      Saying Citadel is well-positioned in case of bankruptcy is like saying you're well positioned in the basement when a tornado carries away your house.

      It's amazing that such people have access to computer terminals.
      View article »
    • Fri Apr 25th 11:57 AM | Rating: 0 0
      Commented on:
      Why the E*Trade Shorts Have It Wrong
      There are some incorrect facts above, like the quarterly loss figure was larger than expected, but the author arrives at the right conclusion.

      Riddle me this, does one really think that a company with $3/share of EXTRA CASH floating at both the bank and brokerage, should be trading right under $4.

      This is one of the biggest manipulation plays out there, and the hedge funds have piled in. Let's hope that they are soon finished so that the stock can appreciate to a proper value.
      View article »
    • Mon Apr 21st 10:29 AM | Rating: 0 0
      Commented on:
      Comparative Price Shopping: Selected Banking, Mortgage and Brokerage Stocks
      Bravo, simply bravo. That's right folks. This is the first article to point this out. As Citigroup's "analyst" was yelling sell, sell, sell, Citigroup the company increased its position by over 600%.

      Do as I say, not as I do. Retail investors get screwed yet again. Kudos for pointing this out Ms. Reed, kudos.
      View article »
    • Fri Apr 18th 13:29 PM | Rating: 0 0
      Commented on:
      E*Trade: Primed To Turn Around?
      Indeed, wonderful piece Ms. Reed. Two comments of yours need to be highlighted:

      "E-Trade’s survival is no longer in question..."

      Although they will work through the mortgage issues in time as you point out, they have a 12.4% cap ratio, as good as JP Morgan and better than Wells Fargo. And this will continue to get better as time goes on. Indeed, I would venture to guess by the next quarter you will not find another bank with a better cap ratio than Etrade, they are as solid as a rock.

      "No reason exists for it to stay in at such a “depressed” $4 value."

      This cannot be stated enough. And this was true before the conference call. Regardless, they will return to profitable quarters later this year, I believe 2Q, 3Q at the latest. The stock was comfortably in the $20s when they were earning 36 cents per share. Once these loan provisions are set aside, and the interest income goes directly back to EPS, the earnings may not equal 36 cents but I would imagine they will be near the 20s.

      Absolutely no reason exists for them to be in the $4s. Or the $6s for that matter. Another quarter and they should be in the $8s, that's where the "Bhatia gap" exists.

      Thank you for your time and effort in penning your article. Full disclosure - I too am an ETFC long.
      View article »
    • Thu Apr 17th 23:29 PM | Rating: 0 0
      Commented on:
      E*TRADE Financial Corporation F1Q08 (Qtr End 03/31/08) Earnings Call Transcript
      Seeking Alpha, thank you for your service in providing the conference call transcripts. It is much appreciated. Glad to see Etrade's on the right track. I hope some of your authors may take a look at the incredible progress the company has made. They now have a risk cap ratio of 12.4%, about the same as JPM. They're about as solid as a rock and are going to become even better as they add another $300M to the bank in the next quarter.
      View article »
    • Sun Mar 16th 17:37 PM | Rating: 0 0
      Commented on:
      J.P. Morgan on Verge of Buying Bear for $20/Share
      DanBlue - a known basher of Etrade. Why don't you shut up and learn how to spell. Here you see what the problem of leverage gets you. Etrade has no leveraged assets and is flush with cash - and has a powerful backer in Citadel. Unfortunately, BSC is nowhere near as strong as Etrade and thus had to go to JPM for a total sale.
      View article »
    • Sun Mar 16th 13:17 PM | Rating: 0 0
      Commented on:
      The Bear Stearns Saga and the Fed's Dilemna
      In other words, BSC will be gone Monday and Etrade will survive and thrive for a long time coming, it's practically assured that Etrade is more than fine. The problem is leverage and liquidity. BSC has too much of the former and not the latter. Mr. Lillien had a much better story to tell - i.e., they make a ton of money on the retail brokerage, they have absolutely no subprime or CDO exposure, and the Citadel backing makes it clear that they are flush with cash.

      Unfortunately, BSC does not have such a story to tell.

      CNBC is already reporting that JPM is making the deal.

      www.cnbc.com/id/236589...
      View article »
    • Sun Mar 16th 13:01 PM | Rating: 0 0
      Commented on:
      The Bear Stearns Saga and the Fed's Dilemna
      The problem with BSC is that their survival requires other entities to deal with them, which they will no longer do, especially since they were downgraded. Thus, a deal appears almost essential by Monday a.m. ETFC is in a much stronger position as they are not leveraged (thus they can work through problems over time) and have a money making brokerage to support the bank, will have over a $1B cushion IN CASH above the well-capitalized levels (stronger than Citibank's) and now have the backing of Citadel - a hedge fund so strong that they are also mentioned as a possible purchaser of all or part of BSC. Unfortunately, BSC has no such backer, is leveraged to the hilt, and now has been severely downgraded impeding their attempts to get back on track quickly.
      View article »
    • Sun Mar 16th 01:17 AM | Rating: 0 0
      Commented on:
      Thinking About the Bear Stearns Bailout
      Yes, when chicken littles start coming out it's time to get greedy.

      Ask yourself, are the assets Bear's problem, or is it the irrational reaction of certain investment partners that caused a domino effect? I would argue it is the latter. This is no Enron, no S & L. These are hard assets with serious value that are getting killed because the same idiots that would sell a loan to a fire hydrant now won't deal in assets insured by God himself.

      Sharks are out looking for blood and several firms will make serious money. Greed overcomes fear. Next.
      View article »
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