E*Trade (NYSE:ET) Message Board

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

ET 16.72

+0.9%

3:59 PM EST

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To: grogger who wrote (2836)	4/22/1998 4:09:00 AM
From: David S.	Read Replies (1) of 13953

I disagree. Below $20 is not a steal, but it would be a safe(r) purchase. Next years expected 4Q rise is expected to be 40%. Currently, the 4Q EPS is .50. Currently the P/E is 45. A little high. Plus, Etrade has not shown to be able to beat estimate by significant amounts. So I rather stick to a future P/E of 30-44(4 extra for those couple of times, per year, that they do beat the estimates). I can see the potential about Etrade, but I think $19 to $20 would suite it fine for now. Man, you can say I've had a turn around. The more I examine this stock, the more cautious I get. One good sign is there efforts to bring in revenue from overseas offices.

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