though they belong to different sectors, ETRADE has more in annual revenues than JDSU, BVSN, INSP, VRSN, EXDS, YHOO, EBAY, CMGI, DCLK, INFY, GBLX, BEAS, KANA, CMRC, ARBA, TRRA, and MOST of all those $20-30 BILLION "hot stocks" right now.
INSP is the poster child of the whole group, and the chart looks so PLACID, no nervousness at all, it's unbelievable, you have to be on drugs to pay $ 21 Billion for Infospace.
EGRP's revenue and account growth is off the charts, debt is non-existent, brand name is on fire, trading volumes are smoking.
it's very suspect that the market, and specially the analyst community, is ignoring all of this.
is there competition in the sector? yep, but competition is even more intense in most other sectors.
how many software companies are out there? i have more than 200 in my yahoo portfolios.
what about semiconductors? another 200.
biotech and drugs? oh boy, that's 300 stocks at least.
OLB sector? SCH and EGRP dominating, NITE, TWE, AMTD, Fidelity (non public), MWD and MER making BABY STEPS and still using diapers and with armies of brokers to feed, the rest doesn't really count.
EGRP is trading at 3 times/2001 sales, this is CHEAPER than almost ALL the stocks in the NASDAQ 100 index.
EGRP made almost $ 900 million in revenues in 99 (even without adding Telebanc's) and only lost $ 45 m., after spending huge amounts on advertising.
it's obvious the core business is immensely profitable.
add to the equation a branchless online bank without the burden of infrastructure costs and geographical limitations, and this company turns itself into a pure profit machine.
no wonder traditional brokers and now banks are worried about this hydra of a company.
other OLBs are more or less harmless, but ETrade has achieved tremendous critical mass and brand power already.
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