Educated Investor

Metrics, Mortgages and Analysts

My "ineptitude?" If you want some article about Enron and 1999 write it yourself. We are living in the year 2008.

I just quoted Layton's comments from the June 2008 Sandler O'Neill Conference and have stated that I feel he has the work ethic and management ability to produce results. You are just trying to discredit him by digging up things from 1999.

I am so done with this thing. Your 1999 tangent was never a viable topic to be researched or discussed. It is history that really has no pertinent relevance to current market issues nor does it have any bearing on Layton's responsibility as the CEO of E*Trade.

Metrics, Mortgages and Analysts

Obviously still not working. Was not hard to find with a google search for "Layton Enron 1999" and I am done trying to provide a link.

Metrics, Mortgages and Analysts

Seeking Alpha is cutting the link off with ... so I am putting spaces between the parts. I about ready to give up on this one if it doesn't work now.

http://
www.
thestreet
.com/
story/
10060522/1/
jp-morgan-exec-turns-a...

Metrics, Mortgages and Analysts

Still not working, don't understand these limitations here on seeking alpha. So I also put a space between the words "the" and "street" and ".com" Try that if you want to read the article.

h ttp://the street .com/story/10060522/1/...

Metrics, Mortgages and Analysts

The article link in my last post is not executing correctly so I have posted it again with a space after the "h" in http:

h ttp://thestreet.com/story/10...

Metrics, Mortgages and Analysts

By the way, here is a nice link regarding Layton's Enron e-mails.

http:// thestreet.com/story/10......

This more detail-coverage article shows that Layton DID his job. After all he is the "fourth highest-ranking executive at J.P. Morgan." Do you think he was in on making these oil and gas deals? No he has an administrative position and his responsibility is to tell the people working under him on the oil and gas deals to do things right! That is just what he did.

In 1999, his e-mails say he felt "queasy" and because of that he "sent ... e-mails to a number of bank officials and asked them to look into the deals and 'MAKE SURE THEY ARE DONE RIGHT.' [emphasis added]"

Layton didn't just send ONE e-mail to ONE bank official. He sent a NUMBER of e-mails to a NUMBER of bank officials. He did what he should do to get the transactions DONE RIGHT.

I am so glad that you encouraged me to do the research on this. It has been informative.

Metrics, Mortgages and Analysts

JB, I haven't answered your above discussion of Enron because I wasn't around. Unlike you, I have a life besides the Yahoo Message Board and the Seeking Alpha Comment Posting.

Well, I read through what you and WEZ said about the 1999 Enron problem, did some research, and it seems like you are extracting some commentaries here and there; I still have looked around now and have not been able to find any conclusive link to Mr. Layton and Enron; except for some minor interactive type things that can happen in the business world. He definitely was not "IN" on anything illegal that happened there.

Now you are also bashing the entire analyst community for missing the mark on the "subprime crisis." Well JB, I must say, my little article here has you way excited. I take that as a compliment that the content of my article would prompt you to analyze Layton's activities in 1999, and attack the entire Capital Market Analyst Group as having no credibility.

These types of things damage your credibility, and overall, I find them kind of amusing because you have no true facts backing up what you say. You are also now running some hypothetical storyline proposing an exit and dump on E*Trade Shareholders by Layton for $5M. Again, that won't happen because his management style is to grab on to the challenge and takes it to the finish line (or to the point where the baton can be handed to the next runner). Where in his professional career has he dropped his responsibility and taken the cash? What other story lines have you figured out in your bashing. You and "Wez" need to have a "private meeting" and discuss your next bashing strategy; and this time please try to get some solid facts behind you.

I still really like my article, like my life, and am happy to hold a strong and long position in E*Trade.

Metrics, Mortgages and Analysts

Well, JB

nv.intellectspace.com/...

study the information from this link and you will see that he is very qualified to lead E*Trade through this difficult time. I have never heard his name linked to Enron so I think you are just dropping that "well known negative" out here with no reference to back it up. Give me a reference for this Enron involvement so that I can feel that you have integrity and factual basis for what you say.

Metrics, Mortgages and Analysts

Look, all the comments out here have measures of validity depending on each persons opinion. Those calling out that the mortgage and banking industry have problems are absolutely right; we hear about it every day and the 200 point drop in the DOW validiates the problems. Why would I need to write about that since it is so obvious?

The fact is, E*Trade's comments in June's conference are something that is not generally known to the investment public. Since that information indicates E*Trade will be able to maintain unique performance differences in comparison to the industry, I felt those comments needed more publicity. My decision to publish that information shows that I have confidence in Layton as a man of integrity; unlike other Wall Street Financial Company CEOs. His reputation and experience speak loudly, and he would not risk his reputation to mislead investors regarding E*Trade's Mortgage performance.

I have shared my "Due Diligence" in deciding that I am going to hold on to my long position in ETFC. If you don't feel the same, then sell out your position or don't bother buying the stock.

I am not a paid pumper, nor do I write any lies, unless a positive attitude is construed to be a lie. I fail to understand how my presentation of my "due diligence research" to maintain my long position in holding a stock compromises my integrity as a researcher. I am pleased with my research, pleased with this article, and pleased with my long position in E*Trade. Hope you all have a great day!

The Online Brokerage Wars: E*Trade Offers Compelling Risk/Reward

Rafael forgot to mention the global trading ability in E*Trade. Also, the stability of E*Trade's platform execution in comparison Ameritrade, especially since just last week Ameritrade had glitches that significantly stalled out their clients trading causing losses and client anger. In this day of electronic services you just don't let that happen.

The Online Brokerage Wars: E*Trade Offers Compelling Risk/Reward

The "short position pressure" on this stock, the ongoing successful brokerage metrics, and the strength of their cash/capital position as the turn around plan has been executed place tremendous upward pressure on this stock price. Those who hold their long position have minimal downside risk and huge upside potential. The stock price still lingers in the "bankruptcy" price range and yet since April it has been obvious that bankruptcy is not an issue any more.

Schwab, E*Trade: Monthly Activity Comparison and the Industry Average

I had to work hard to find the analyst article from reuters. Couldn't even find it with a search on reuters.com for SCHW or ETFC. Finally found a link in AOL Finance, so since I had to work so hard here it is for anyone else that wants to verify

today.reuters.com/news...

Schwab, E*Trade: Monthly Activity Comparison and the Industry Average

An Analyst has finally spoken positive about E-Trades progress over the past 2 months.

Comparative Price Shopping: Selected Banking, Mortgage and Brokerage Stocks

Dihard: Market Cap is not viable since so much cash walked away from E*Trade's business back in November. EPS and PE are negative. I can see why she went after price comparisons since E*Trade is being punished as a banking and mortgage type stock.

Comparative Price Shopping: Selected Banking, Mortgage and Brokerage Stocks

Hey jimmy46: Did you do a search for info about E*Trade's FICO? I just took a few minutes. In the E*Trade conference call they just stated "high FICO scores." But there is a December 2007 article entitled "Calculated Risk" that was published regarding E*Trades transaction with Citadel. In that article it says the average FICO score is 725 and the LTV 71%; so I guess Ms. Reed's statement is conservative. This December article was surprised that such a strong portfolio had to be liquidated at such a discount. Of course as Ms. Reed has pointed out the "run on the bank" mentality brought on by Bhatia nearly did cause bankruptcy.