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

To: grogger who wrote (2836)	4/21/1998 8:52:00 PM
From: Stanley L Brown	Respond to of 13953

David, You may just get your chance to be a thief! Happy Trading Stan

To: grogger who wrote (2836)	4/22/1998 1:35:00 AM
From: blankmind	Respond to of 13953

i think it is more than competition. for example on search engines there is more than yhoo, or on books amzn has competition from bks and others. ifly has competition from southwest, travelocity, sabre.... i would argue it is not competition holding back egrp's stock price compared to other internet companies.

To: grogger who wrote (2836)	4/22/1998 4:09:00 AM
From: David S.	Read Replies (1) \| Respond to 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.