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

ET 16.65

+0.1%

2:28 PM EST

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To: RetiredNow who wrote (2726)	4/7/1998 9:54:00 PM
From: michael a	Read Replies (2) of 13953

Mindmeld- I think you may be missing something here. Jeff is spot on. Forget about the "rhetoric" the "words" E.trade blabs in its announcement...what do you expect them to say "things are bad, and you really shouldn't own our stock"? LOOK AT THE NUMBERS. When is a growth stock not a growth stock? When it is not growing. Don't look back 12 months, which is like three years in internet time. Those figures are irrelevant. Check out this growth(NOT) Q4 1997: $64.1 million revenue Q1 1998: $59.8 million revenue Q2 1998: $53.3 million revenue Where Jeff erred was that their profit margins did increase...But BIG DEAL. They can increase margins from 11% to 50% all day long, but if revenue continues to decline....they are imploding. The idea is grow revenue.....you know, grow sales! Their 'sales' are way off for a company in which investors are paying a premium for growth.....I don't need an analyst to tell me which way to go on this one. RENENUE TREND UP = GOOD. REVENUE TREND DOWN = BAD Unless of course, a company is restructuring, or changing businesses, or shedding assets.....hmmm??? MA

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