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


To: Jane4IceCream who wrote (13080)4/12/2000 12:56:00 PM
From: Duncan Lestina  Read Replies (1) | Respond to of 13953
 
Yeah, right now EGRP is up in a very down NAZ. I guess that is worth something. Regarding EGRP's report, outlook and the fact that it is trading about 4 pnts above it's 52 wk low, it's a definite holder.



To: Jane4IceCream who wrote (13080)4/12/2000 1:16:00 PM
From: thinkbach  Read Replies (3) | Respond to of 13953
 
Not all stocks are broken, just look at YHOO, and the Dow is up, so someone out there is still spending money on these things. And while we're at it, let's compare!

(I love this):

EGRP
Revs: 407 Million
Profits: 0
Poor lonely market cap: 7 Billion dollars...sigh...

But where will it go? What is one possible future?

YHOO
Revs: 228 million (Just about 1/2 of ETrade's revenues for the quarter!)
Profits: 77 Million (This does merit lotsa attention, I grant)
Happy healthy market cap: 75 Billion Dollars! It's up 7 points as I write!

Woo Hoo! The upcoming cross-border trading thing looks great, critical mass looks possible. If ETrade can make the transition into the really big leagues, and it looks like one of the best candidates for it, then maybe we've got a ten bagger over the next 2-3 years on our hands...

My take on today is simply this: so far ETrade has executed along the plan it set out a long time ago, and it has executed beautifully. I see no let up, and I haven't even listened to the call yet. I bought into ETrade Fool style, promising myself to ignore market gyrations when possible, keeping it as a long-term hold for long-term growth. Every reason I picked it for holds true today as it did over a year and a half ago. If I did not own it today, I would probably buy it, so I'm gonna keep it. Yep. That's what I'm gonna do. At least until I sell it...