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November 13, 2007 at 8:46 PM in reply to: In case you missed it. Etrade lost 60% of it’s market cap today due to subprime. #99261November 13, 2007 at 8:46 PM in reply to: In case you missed it. Etrade lost 60% of it’s market cap today due to subprime. #99255Mr_BrightsideParticipant
In my view E*Trade has a fantastic platform (setting aside the mortgage holdings) that would get bought easily for at least the current share price. The odds of the firm going away are almost nill.
I bottom fished some shares on Monday in the mid 3s.
November 13, 2007 at 8:46 PM in reply to: In case you missed it. Etrade lost 60% of it’s market cap today due to subprime. #99239Mr_BrightsideParticipantIn my view E*Trade has a fantastic platform (setting aside the mortgage holdings) that would get bought easily for at least the current share price. The odds of the firm going away are almost nill.
I bottom fished some shares on Monday in the mid 3s.
November 13, 2007 at 8:46 PM in reply to: In case you missed it. Etrade lost 60% of it’s market cap today due to subprime. #99179Mr_BrightsideParticipantIn my view E*Trade has a fantastic platform (setting aside the mortgage holdings) that would get bought easily for at least the current share price. The odds of the firm going away are almost nill.
I bottom fished some shares on Monday in the mid 3s.
Mr_BrightsideParticipantI would not throw that $150K of good money after the bad money that’s already lost. Not sure how to pull that off but I’d rather have eight short sales going that are heading for foreclosure now that after I lost all my cash.
Mr_BrightsideParticipantI would not throw that $150K of good money after the bad money that’s already lost. Not sure how to pull that off but I’d rather have eight short sales going that are heading for foreclosure now that after I lost all my cash.
Mr_BrightsideParticipantI would not throw that $150K of good money after the bad money that’s already lost. Not sure how to pull that off but I’d rather have eight short sales going that are heading for foreclosure now that after I lost all my cash.
Mr_BrightsideParticipantI would not throw that $150K of good money after the bad money that’s already lost. Not sure how to pull that off but I’d rather have eight short sales going that are heading for foreclosure now that after I lost all my cash.
Mr_BrightsideParticipantIf he’s bought these properties in the last four years and has only $150K in cash he probably already has a negative net worth.
Mr_BrightsideParticipantIf he’s bought these properties in the last four years and has only $150K in cash he probably already has a negative net worth.
Mr_BrightsideParticipantIf he’s bought these properties in the last four years and has only $150K in cash he probably already has a negative net worth.
Mr_BrightsideParticipantIf he’s bought these properties in the last four years and has only $150K in cash he probably already has a negative net worth.
October 18, 2007 at 6:26 PM in reply to: Ground Floor Observations on Construction and Local Banks #90045Mr_BrightsideParticipantThe major problem with a commercial condo is any decent business will need both capital for the actual business and will probably outgrow their space if they are successful.
Both of these are pretty much in conflict with buying a commercial condo.
If they were cheap enough to buy and rent out then that’s a different story. For some reason w/o even looking and the numbers I suspect that’s not going to pencil out.
October 18, 2007 at 6:26 PM in reply to: Ground Floor Observations on Construction and Local Banks #90036Mr_BrightsideParticipantThe major problem with a commercial condo is any decent business will need both capital for the actual business and will probably outgrow their space if they are successful.
Both of these are pretty much in conflict with buying a commercial condo.
If they were cheap enough to buy and rent out then that’s a different story. For some reason w/o even looking and the numbers I suspect that’s not going to pencil out.
October 18, 2007 at 6:04 PM in reply to: Ground Floor Observations on Construction and Local Banks #90039Mr_BrightsideParticipantI’ll add to this that I know of new an eight unit project downtown that’s on the edge of foreclosure. I’m putting together a blog post for it so stay tuned.
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