Spy--one of the all time great posts--thanks for sharing it with us. While AMTD has made a little run in terms of account growth and account acquisition, we kick theirs and everyone else's butts in virtually every other category. For those folks who believe that E*Trade needs to cut back on advertising, all they need (or should need, anyway) to do is to take a look at those charts. While I'd like to see us return to solid profitability as soon as the next guy, Cotsakos is wisely trying to build the company in the long-term, not manage it for the short-term "investors" who jump in and out of the stock.
This company is going to be huge--really huge--in 3 years, and in 5 or 6 years we won't believe how big it will be after its international expansion has fully blossomed, there's trading 24/7 across borders, trading with portable devices of all sorts, etc.
If there's a downside here, I'd welcome someone pointing it out to me.
As someone on another thread ends his posts,
"Long and loving it..." |
