E*Trade (NYSE:ET) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

ET 16.25

-0.9%

Dec 26 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mohan Marette who wrote (4564)	1/29/1999 4:18:00 PM
From: Oeconomicus	Read Replies (2) of 13953

Do you believe that if you repeat it often enough it will become true? MER would not pay nine times book and >200 time projected FY2000 earnings, more than $6.3 billion, to avoid having to build an online presence of its own. They can buy the technology, so they don't need EGRP for that. They have plenty of customers, so they don't need ETrade's. If they decide to buy rather than build, which I doubt BTW, it would likely be someone small and reasonably priced. With a market cap of about 1/4 of MER's and a huge PE even looking beyond the current losses, buying EGRP would be way too dilutive. Heck, for only twice the price of EGRP, they could buy all of Toronto Dominion getting Waterhouse (which has more market share than ETrade now) and a $100 billion plus bank to boot. Just because you wish it, that won't make it true.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next