Etrade was acquired by Morgan Stanley for $13billion in 2020 given the etrade 2019 revenue was only $188m (https://www.annualreports.com/HostedData/AnnualReports/PDF/NASDAQ_ETFC_2019.pdf) That is a 69x.
Selfwealth revenue is on track to pass $20m this FY but the market cap is just ~$120m, which is only 6x.
From the revenue growth rate (>20% compared to 3 months ago), customer growth rate, earning growth rate...this stock is siginificantly undervalued. External research most conservative valuation at 71c and I believe it should value over $1.
However, today news did not ignite the share price but instead there are double more sellers than buyers
Am I missing something?
Etrade was acquired by Morgan Stanley for $13billion in 2020...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?