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


To: ecommerceman who wrote (5156)2/14/1999 3:07:00 PM
From: italiana  Read Replies (2) | Respond to of 13953
 
If AMTD posted commissions and clearing fees increase of 132% to $36.7 million in the 1st quarter of fiscal 1999, just imagine what E*Trade will post. AMTD spent only $9.6 million in advertising the 1st quarter, a decrease of 61%, while E*Trade is spending $25 million per quarter.

AMTD received $4.9 million cash payments from NITE this quarter, this was from only 33,489 average trades per day. E*Trade average trade per day doubles that figure. When E*Trade posts it quarterly report for the 1st quarter of 1999 it will show that EGRP is a money making machine and that it is undervalued at $46 per share. EMO italiana