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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?


To: Diamond Jim who wrote (7374)6/29/1999 10:13:00 AM
From: Dalin  Respond to of 13953
 
So tell me what you expect to see for revenues? Up from last qtr? down? same?

I wish I knew!

Flat to slightly positive would have to be my optimistic guess, considering the time of year. We have been surprised before.

Like you though, I would not mind having the opportunity to add some more to my portfolio.

BTY!

D.

All that said, I still believe we will leave the 30's behind. Lots of other factors, besides Qtr over Qtr revenues, and others want this stock long and are waiting till next week to buy. (another optimistic guess!)



To: Diamond Jim who wrote (7374)6/29/1999 1:17:00 PM
From: WhySoSoon  Respond to of 13953
 
re: "If"

Focus on account growth, this is a more stable and better indicator.
P = N * $8,000 / S

where P = fair market share price
N = number of accounts
S = shares outstanding

e.g. N = 1,300,000 and S = 233,234,000 then fair value P = $44.50
just plug in your guesstimate of the # of accounts and the number of shares outstanding, you will get it. If E*Trade have 2 millions accounts, then (before factoring in the TBFC purchase), P would be $68.60 (very close to the Lehman's 12 months projection). Therefore, watch the account growth closely.