ETFC: stock over sold.

Notablecalls is out with summary of the analyst comment on Etrade. Amid the concerns that the company will have a significant writedown on the sub-prime loans, the company share plunged yesterday to less than $4, significantly down from mid-20’s that the share was once trading in the middle of this year. The share price is at this point reflecting the possibility of bankruptcy and the Etrade customers fleeing to other brokerage names such as Schwab and TD Ameritrade. I think although the possibility of filing bankruptcy cannot be ruled out, I deem this as a highly improbable scenario. I see buyers of Etrade asset emerging at this share price level. It will take some time for Etrade share to recover. However, the stock is trading with worst possible scenario and I see some opportunity here with the stock.

ETrade (NASDAQ:ETFC): Color on news

We have couple of firms c...