Wednesday, July 8, 2009

ETFC --- E-trade Financial Part 1

A buy or A sell?? Is it worth it at these price levels??

ETFC's next earnings call is scheduled for 7/22 at 5pm.
This is possibly one of the most important earnings call E-trade will ever have to face. Clearly, the market is not done beating down this stock. As most other financials have recovered somewhat from their March lows, ETFC keeps on bucking the trend. For well over a year now, the company has taken every possible step to turn around the company and re-assure it's investors that the worst is behind them, yet the stock price cannot seem to reflect any of that. Is the company struggling? YES!, is it at a tricky crossroad? YES!, is E-trade worth $1.18 a share? I believe NOT!

More to come soon on ETFC.

Face.
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