| Company: | E*Trade Financial Corporation |
| Web Site: | http://www.etrade.com |
| Purchase Price: | $2.46 |
| 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 played this stock earlier this year, and made a pretty good profit on it before it started to sink again and I cashed in my chips. Today, the company announced the sale of its Canadian subsidiary for almost half a billion dollars, which should go a long way to improving their debt ratio, and I expect that the shares will start moving up again, so I'm buying back in.
As before, I'll keep a close eye on things, but I expect to make another win.
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