i agree with you Hoops, certainly management has the weapons to retaliate if they want to.
maybe it wouldn't look too "professional", but otherwise they run the risk of alienating the suffering and patient true longs left in this stock who have weathered the storm and missed many many other great opportunities.
i like to think of it as a sort of childbirth, it's been a painful and frustrating 8 months, hopefully, now a beautiful baby will be born.
another way to look at it is as a GIANT "BASE" BUILDING process, and who knows, after such a hell of a base, EGRP may be next year's best performing stock.
if people are blind enough to pay $ 50 billion for ICGE (check its profile) when Boeing goes for $ 35 billion, and almost $ 20 billion for Verisign, fine company as it might be, but with only $ 70 million in revenues to support that price, well, then anything can happen.
EGRP is worth $ 6 1/2 billion as of today, that's ridiculous if we take relative valuations of other leading internet stocks and even TECH stocks (some with price/sales of 25+) in consideration.
i mean, people, after all, this company is going to show in 15 days MIND-BOGGLING QUARTER RESULTS!
huge account growth, huge daily trading volumes, almost $ 1 billion in annual revenues, no debt, huge unrealized gains from VC investments in Digital Island, Critical Path, etc, lots of cash on hand, a brand name on fire, and account acquisition costs going down.
what more can you ask for?
eventually, those things will be reflected in the stock price.
they are NOT reflected now, even Scott Appleby said in a recent article he was "REALLY SURPRISED AT HOW CHEAP THESE STOCKS ARE", how much off their highs they've fallen and still didn't recover, that's exactly what he said.
i agree with him except one thing: forget the sector as a whole.
forget what happened to NDB, NDB is shit.
concentrate on the players that count.
ETrade is different from the pack, ETrade is taking 25% of all new accounts being opened.
so i hope this january proves once and for all our leadership position.
and just as they say now "you will be amazoned", after january they might say "you will be etraded". |
