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ets (ETS) Message Board

  • cash_is_king_now cash_is_king_now Apr 13, 2005 2:22 PM Flag

    FDRY guides much lower than ETS

    FDRY guides much lower than ETS and gets a few downgrades from big guys like ML and BOA but goes down less than 5%. ETS is down more than 42% since announcing lower guidance.
    What is going on here? Either ETS has to rise or FDRY has to come down significantly or both. Obviously, institutions are accumulating ETS.

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    • >>>At least ETS figure out its problems early and working on them. <<<

      You are kidding right? ETS has lost money since 1998 except for one year when they were really playing lose with the numbers in preparation for the spins!!!!!

      Yet you claim they can figure out problems early????

      How come they can't fix that oh so minor problem that has burned through $576mil since 2000???? You know the losses problem??? AKA no profits????

    • And FDRY gets downgraded by every small and big brokerage house (BOA, ML, Friedman, Pac growth, Ferris Baker...). That many downgrades in one day may be a record but it is telling that FDRY is getting a ride from its previous quarters for Q1 profit but it will fall from the cliff for future quarters. It is kind of late for them to realize the seriousness of the problem they have on hands. At least ETS figure out its problems early and working on them. At current PPS, ETS shareholders have nothing else to lose and they should feel much more secure than FDRY shareholders. ETS is underdog with better products and not that much dependancy on a bone from government like FDRY.

    • >>Except of course for their revenue right?<<

      Yeah, but fdry's cost structure and headcount can support these revenue levels and still allow them to make a profit.

      ETS is a long way from being able to make a profit at these revenue levels!!!!!!

    • "ETS doesn't come close to being anything like FDRY"

      Except of course for their revenue right?

    • But FDRY doesn't cook the books and has a consistant record of positive net income. ETS doesn't come close to being anything like FDRY

    • >>What is going on here? Either ETS has to rise or FDRY has to come down significantly or both. Obviously, institutions are accumulating ETS.<<<

      What is going on????

      1 - Despite the lower revenues fdry will still make a profit this qtr, ets burned $30mil.

      2 - fdry has made money every year since 1998, ets has lost money every year since then except 1.

      3 - fdry has more revenues now than they ever have had, ets is about 25% of where their revenues were at the top.

      4 - ets and fdry are at about the same current revenue levels and fdry has about 650 productive, profit generating employees, but ets has a 1000 non-productive, money burning, corporate welfare recipients.

      5 - Last year fdry had free cash flow of +$73mil, ets had -$71mil!!!!!!!!!!!