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


To: Spytrdr who wrote (13275)4/24/2000 12:29:00 PM
From: SLSUSMA  Read Replies (1) | Respond to of 13953
 
I did. And including that acquisition charge, they lost money. There is no guarantee that EGRP will cut back ad costs or that they will stop acquiring companies; therefore, unless they show an actual profit instead of this "excluding-this-and-that-we-made-money" line, they are still considering a money loser, just like their shareholders.

E*Trade (NasdaqNM:EGRP - news) booked a net loss of $23.2 million, or 8 cents a share, in its second fiscal quarter ended March 31, due to high advertising spending and acquisition charges.

Besides, I remember you slamming me for being long SCH and short EGRP when SCH was in the high $30's and EGRP was in the high $20's. SCH has ran up since then and stayed above $30; EGRP has gone up but came crashing right down to the teens. Great call, master trader. Where's your buddy KM, the other pumper, these days?