ETFC
Etrade stock has lost 25%, it has been downgraded by three big analyst. But I’m of the opinion Etrade is a good buy and not just opinion I have bought some in last few days.
Why When Citadel invests in Etrdae a $2.5 Billion. They must have looed at their portfolio of loans. Yes, Etrade gave away $2.5 Billion of portfolio for $800 Million. But Etrade alos entice Citadel to invest $1.4 Billion of equity in it. That is a great show of strength.
When anlyst is arguing ETrade has $11 Billion worth of mortgages, I don’t think all the mortgages will go sour. The mortgages Etrade has must also have PMI and they are back by illiquid and falling housing prices agreed, but the market is bound to come back. If mortgages are the issues why would BOA invest $2 billion in the CFC, all the banks should be in the same line as Etrade.
So it’ a buy baby buy
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment