Lesismore46

Citadel Infuses E*Trade with Strong, Experienced Management

rl, I don't think that your assumption is naive, but is a bit backwards. Sitting on a 12.5% return in this market is as sure a thing as an investor can get. Yes Citadel has the option of selling its 90 million shares, but why would they? Until the return on the stock dramatically increases over what they are getting on the virtually risk-free debt, they will do nothing. What they are hoping is that the company does turn around, stock appreciates by 100% from where it is now, then sell its shares, which could drop the share price back down to the high single digits. Everyone makes money that way. We longs are all in this together.