Superbowl ad won’t save E*Trade

{ Posted on Jan 31 2009 by Douglas McIntyre }
Categories : All, BloggingStocks

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Discount broker E*Trade (NASDAQ: ETFC) will run its famous "talking baby" TV ad during the Superbowl. It won't help the failing company. The stock is still a "sell."

E*Trade shares change hands at $1.18. That is down from a 52-week high of $5.79. For the fourth quarter of last year, the company reported a net loss of $276 million, or $0.50 per share. And, E*Trade's operating interest income, a key measurement of its health, keeps dropping. The firm said it had applied for money from the TARP but admitted there was no guarantee it would be successful in securing that funding.

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Superbowl ad won't save E*Trade originally appeared on BloggingStocks on Sat, 31 Jan 2009 14:10:00 EST. Please see our terms for use of feeds.

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