I did. And including that acquisition charge, they lost money. There is no guarantee that EGRP will cut back ad costs or that they will stop acquiring companies; therefore, unless they show an actual profit instead of this "excluding-this-and-that-we-made-money" line, they are still considering a money loser, just like their shareholders.
E*Trade (NasdaqNM:EGRP - news) booked a net loss of $23.2 million, or 8 cents a share, in its second fiscal quarter ended March 31, due to high advertising spending and acquisition charges.
Besides, I remember you slamming me for being long SCH and short EGRP when SCH was in the high $30's and EGRP was in the high $20's. SCH has ran up since then and stayed above $30; EGRP has gone up but came crashing right down to the teens. Great call, master trader. Where's your buddy KM, the other pumper, these days? |
