forwoodenboats

E*TRADE FINANCIAL Corporation Q2 2008 Earnings Call Transcript

No, the only things that has garnered any interest is that ETFC missed the median range by 5 cents and duly noted there is still some risk on the bank side.
The rest of the story, as Paul Harvey would say, tells a starkly different picture.
The conference call is worth the approx. hour to listen to. There's some interesting dialogue, such as concerning the sale of Etrade Canada.
One fellow had run the numbers on that and asked for verification as the sale appeared to be very much in parent Etrade's favor.
His numbers were correct. Etrade did very well on that sale.
Message ~ Etrade is not having a fire sale. They got top dollar for an asset that would have had minimal impact on income. I don't have a number, but I'm pretty sure Etrade Canada didn't account for a third of the parent's income - there's only so many people there, and their govt. doesn't leave 'em much change to invest. Yet, the price they paid reflects about one third Etrade's market cap.
The progress they've made during this national crisis is proof they were fast on their feet and did a spectacular job of minimizing exposure.
Instead of making excuses, they displayed difinitive actions which allowed them to show growth over last year, just a few months after the analysts were predicting their imminent demise.
I think the shareholders (of which I am one) and customers (ditto) have a great team working for us.
Combined with the undisputed premium product, I think this company deserves a vote of confidence.

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

122,527,895 short per today's report, probably more like 130m judging by the downward pressure, especially today's.
If etfc meets or beats -.15eps for this quarter, we could have a 6 day party.

Metrics, Mortgages and Analysts

jbmaria, please take your ghetto mouth somewhere else. If you feel the data you've presented (crickets chirping) is more comprehensive and your analytical skills (oops, you left those on the bus, too) are superior to Cindy's by all means start publishing them.
Just grab a stapler and go find yourself a few telephone poles......

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

"However, the pricing is not so good"
"The only reason I have not switched is because I am so used to ETFC."
So, $7.99 trades with a guaranteed 2 second execution is a bad thing, right?
LMAO

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

Magman, I don't see how Cindy's capitalization of the word FREE should spook you when it is accurately applied to a new, innovative trading platform THAT NO OTHER BROKERAGE HAS.
Think about it a minute. Anything that entices investors to make more trades during the day AND steals investors away from other brokerages (why stay with a brokerage that isn't keeping up with technology?) has got to be a great money maker.
How many more trades might you make every month if you knew that you could pull out a blackberry & check on your bet/make another while you're at the tavern, mother in law's or the loo?
The blackberry is just one of the tools that are making things easier and faster for etrade customers - have you checked out Power Etrade Pro? I just today opened that puppy up- it's like comparing Jay Leno's jet powered motorcycle to a BigWheel.
The fact is, Etrade's platform makes trading easier, it's faster, cheaper, and the data you need to do your DD is at your fingertips.
It's really hard to overstate the importance of keeping up with the Joneses in the internet brokerage business, especially at a time when people are jonesing over their investments (Always!).

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

Though I already had my position (the latest of many from 5 down to 2.18 & back up) established before I read Cindy's article, its always fun to sort through message board postings. It's not as colorful as in 2000-01 discussing OTC stocks on Raging Bull (as an ETrade customer, for what little its worth), but the same flags mean the same things.
On one side, multiple posts by a few individuals waving red flags trying to deflect attention from a comprehensive assessment and into a discussion about how other stocks in the sector are faring - as long as they're not doing well - and avoid directly taking on any of the DD Cindy provided, while trying to attack her instead.
One the other side, some folks who think this stock is going to go up, while acknowledging it's still a risk, one that they're ready to take.
And then there's that S&P upgrade.
I've been waiting for this dip :)