Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (71865)	12/1/2007 7:31:57 PM
From: RealMuLan	Read Replies (2) of 116555

ETrade firesale seen hurting Wall St portfolios ... "Citigroup investment bank analyst Prashant Bhatia said ETrade actually received 11 cents on the dollar for its portfolio, if you factor in that the brokerage received $800 million in cash minus 85 million shares it issued. He said that implies Citadel's received stock compensation worth about $450 million, leaving E*Trade with only $350 million for its $3.1 billion portfolio. " guardian.co.uk

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