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| User Info | Etrade only received 11 cents on the dollar!; entered at 2007-12-01 18:03:46 | |||
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Isaac Posts: 536 Registered: 2007-07-27 
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"Citigroup investment bank analyst Prashant Bhatia said E*Trade actually received 11 cents on the dollar for its portfolio, if you factor in that the brokerage received $800 million in cash minus 85 million shares it issued. He said that implies Citadel's received stock compensation worth about $450 million, leaving E*Trade with only $350 million for its $3.1 billion portfolio." http://www.reuters.com/article/reutersEd.... http://calculatedrisk.blogspot.com/ | |||