| Company: | E*Trade Financial Corporation |
| Web Site: | http://www.etrade.com |
| Purchase Price: | $2.99 |
| Current Price: | Click Here |
E*Trade is one of the pioneers of online securities trading, who took a significant loss (five billion) in the subprime lending crisis, which sent its stock price plummeting from over $25/share to almost $2/share over the course of several months.
I've been watching the company since its price plummeted in November and have been hesitant to invest, but its recent signs of recovery (most notably, the restructuring of its capital reserves by reducing its holdings in mortgage-backed securities) have been encouraging.
And so, I've bought a couple hundred shares, and expect to make a satisfactory return within the next six to twelve months.
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