E*Trade: Very Undervalued - trackseekingalpha

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*ETrade: Very Undervalued**
Oct 22, 2009 08:53 AM UTC

trackseekingalpha

Return	Risk
-13.40%	HIGH

Tracked Blogger

Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
ETFC	n/a
SCHW	n/a
AMTD	n/a

Via Long Investment Ideas from Seeking Alpha:

E*Trade (ETFC) is just 3 trading days away from its earnings report. Next week will be exciting for investors. I shall stick to my guns and stay invested in both my own account and the fund I manage.

I believe ETFC is very undervalued. When I look for undervalued stocks, I look at the Price/Sales ratio which should be below 1.5 to be undervalued and below 0.75 to be very undervalued. ETFC's Price/Sales ratio is just 0.66, based on trailing 12 month sales. TDAmeritrade (AMTD) has a P/S ratio of 4.93 based on trailing 12 month sales. Charles Schwab (SCHW) has a P/S ratio of 4.79 based on trailing 12 month sales

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