Doug Kass is Long ETrade, Says It Will Be Bought

Sep 30, 2011
J. Webster
Comments Off on Doug Kass is Long ETrade, Says It Will Be Bought

Doug Kass, the man who often puts a gun to his head and listens to a gnome from time to time, is saying his biggest long position in the stock market is ETrade. The stock ticker is ETFC. Why is he long the stock? Well, he believes ETrade will be bought by TD Ameritrade or Charles Schwab by the end of the year. Here’s his tweet saying just this:

If ETrade is bought out at $15-$16 per share, that’s nearly a double, as it’s trading at close to $9 a share today.

What do you think? Are you following Doug Kass into this trade?

Update: Doug Kass has pulled out of his eTrade trade after the company said they weren’t for sale.

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