Buy me some E-trade – ETFC, SHLD
As much as I try to stay as far away from the financial stocks as I can, something just tells me to jump into E-trade right away (ETFC). It has gotten so low now, it can be a play without having to use too much cash. At such a low price it also has the characteristics of being bought out (this is what I am really aiming at). Analysts are predicting takeover prices ranging from 11 – 15. As of right now $11 looks more reasonable for me. It doesn’t hurt that they also just received some cash from the Citadel Group.
Now for the quote of the day. It comes from the good people at Sears.
“We are very disappointed in our performance for the third quarter. We cannot blame our results entirely on the retail and macro-economic environments. We have much on which to improve and are working hard to do so,” said Aylwin Lewis, Sears Holdings’ chief executive officer and president. “Nevertheless, the Company continues to generate cash, and we continue to invest in our customer relationships, our multi-channel experience, and our information technology systems. Importantly, we believe that our stores and websites are ready to serve our customers and provide them more reasons to shop with us.”
Not exactly the powerhouse they used to be, but they do have good appliances.
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