E*Trade (NYSE:ET) Message Board

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Non-Tech : E*Trade (NYSE:ET)

ET 16.45

-2.5%

Nov 7 9:30 AM EST

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To: John Lacelle who wrote (13571)	5/4/2000 12:05:00 PM
From: SLSUSMA	of 13953

Let's see, you say that EGRP will make 28 cents a share next year? Let's be nice and say that EGRP will beat that and come in with 40 cents a share. However, major brokers, like the ones the E-Groupies like to put EGRP on a par with, have a P/E of about 15. Doubt that? Just look up MER, GS, or MWD. So applying the PE to 40 cents and what is EGRP valued at if it is a major broker? A nice $6 per share. Even if we applied SCH's PE of 50, EGRP is still only worth $20 a share. Therefore, the idea that EGRP is undervalued is absurd.

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