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  • Countering the AP's 'E*Trade Financial Earnings Preview' [View article]
    "E*Trade said it liquidated about 65 percent of $330 million in preferred equity held in the mortgage lenders Fannie Mae and Freddie Mac, a move that will result in an $83 million pretax loss in the third quarter."

    I think that the market over the next several months will prove that Leyton has made a big mistake in liquidating this sound investment, and taken the $83 million pretax loss.

    Cheers,
    Jul 22 23:41 pm |Rating: 0 0 |Link to Comment
  • Metrics, Mortgages and Analysts  [View article]
    ETFC's 127,000,000 Shares Short Position

    Etrade's 270,000,000 shares short position


    www.investorvillage.co...
    Jul 18 09:01 am |Rating: 0 0 |Link to Comment
  • Metrics, Mortgages and Analysts  [View article]
    An Expression of Confidence by Insiders' and Instiutional Investors


    siliconinvestor.advfn....
    Jul 16 02:44 am |Rating: 0 0 |Link to Comment
  • Metrics, Mortgages and Analysts  [View article]
    Cindy, what's your take of the following announcement:

    ETFC -- Sale of Canadian Unit Generates Cash Proceeds of Aapproximately $511 Million


    NEW YORK--(BUSINESS WIRE)--E*TRADE FINANCIAL Corporation (NASDAQ: ETFC - News) today announced it has entered into a definitive agreement to sell E*TRADE Canada to Scotiabank (TSX: BNS, NYSE: BNS) for $442 million in cash. E*TRADE FINANCIAL expects the combination of the sale of E*TRADE Canada and the return of related capital to generate net cash proceeds of approximately $511 million.

    “We continue to make solid progress against our 2008 Turnaround Plan by monetizing non-core assets to generate capital while delivering consistent organic growth in the retail business,” said Donald H. Layton, Chairman and Chief Executive Officer, E*TRADE FINANCIAL Corporation. “This transaction generates capital for E*TRADE at a very low implied cost. Combined with the other planned non-core asset sales announced this year, we’ve generated more than $700 million in proceeds in a shareholder-friendly manner. With this transaction signed, we re-affirm that our plans to access the capital markets are focused at this time upon the previously-announced debt-for-equity swaps.”

    The deal is subject to approval by all regulatory agencies and is expected to close in the third quarter, 2008.

    Full Story: biz.yahoo.com/bw/08071...
    Jul 15 00:21 am |Rating: 0 0 |Link to Comment
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