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Chasing Value: Time to Sell E*Trade?

E*Trade (ETFC) logoTwo weeks ago I decided to sell my shares of E*Trade (ETFC) after concluding it did not fit my investment criteria. It was one of my successful picks for 2010 and I made money having sold puts establishing a base price of $13.50. It closed Friday February 25 at $15.89.

I might not have chosen to post about this except for news that Ken Griffin's hedge fund Citadel Investment Group plans to sell much of its stake in E*Trade Financial. The largest shareholder selling out is news. Citadel will still hold valuable warrants, giving it the option of taking a very large position again, but for now there seems to be a change of heart for them as well.

Continue reading Chasing Value: Time to Sell E*Trade?

Delta delays Comair sale as it weighs strategic options

Delta Air Lines (NYSE: DAL) Monday said it is continuing to review strategic options and that it did not expect an "immediate" sale of its regional jet service Comair, Reuters reported.

Delta's shares fell 21 cents to $13.18 in mid-day Monday trading.

Delta (NYSE: DAL) has considered a sale of Comair since exiting bankruptcy in April 2007. Along with a company restructuring and an evaluation of Comair's operation, Delta is exploring strategic options, including joint ventures or mergers.

Last fall, Delta and United Airlines (NASDAQ: UAUA) denied that they had held merger talks after a hedge fund Paradus Capital Management LP recommended that they merge.

Continue reading Delta delays Comair sale as it weighs strategic options

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 28, 2012: 10:05 PM

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