pcyhuang

Countering the AP's 'E*Trade Financial Earnings Preview'

"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,

Metrics, Mortgages and Analysts

ETFC's 127,000,000 Shares Short Position

Etrade's 270,000,000 shares short position


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Metrics, Mortgages and Analysts

An Expression of Confidence by Insiders' and Instiutional Investors


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Metrics, Mortgages and Analysts

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...

S&P Upgrades E*Trade Despite Struggling Financial Sector Peers

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How many of you have seen this?

ETFC's Presentation of its Recovery Plan

files.shareholder.com/......


Cheers,

pcyhuang

E*Trade's 'First In, First Out' Position: Yes, 111M Shorts Can Be Wrong

Thanks for your very thoughful and accurate comments.

E*Trade: Hindsight with Binoculars

An Evaluation of Etrade's Probable Trading Range

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E*Trade: Hindsight with Binoculars

Etrade's Outperformance in 2008

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