E TRADE Financial Corp (ETFC)

[fxchat]

IT does not make sense, ETFC has shown good progress and the market wants to bring it down to previous level.

I think ETFC will correct itself upwards soon. Coz this is really not making sense.

Their risk is now only 1.6bln,

their brokerage is making 800mln annually. They can start making decent profits soon of at least 60cts eps. This stock should be trading at $6 discounted 3 years to $3 to $4.

This low level is assuming that ETFC is going bankrupt which is an unlikely scenario now that ETFC is stuffed with 800mln of cash. They can weather through half of the CHARGE OFF of 1.6bln.

They also can weather the other half with the profits from next year operations.

This is a big joke that ETFC is going to die..... No wonder LAYTON stated the possibility of a share buyback as soon ETFC will be profiting.