Screening & Evaluating Banking Stocks

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Subject Author Date Screening & Evaluating Banking Stocks Robert Cohen 02-06-2010  Re: Screening & Evaluating Banking Stocks Blash 02-06-2010  Re: Screening & Evaluating Banking Stocks Robert Cohen 02-06-2010  Re: Screening & Evaluating Banking Stocks Robert Cohen 02-08-2010
Posted by Robert Cohen on February 6, 2010, 2:33 pm The Texas Ratio is not seemingly not fully adequate If there were ever a time for risking for large gain, it's now Bank stock market quotes is another way to tell how the bank is doing There are lists of failed banks, and these banks (and collapsed mortgage loan companies) are in distress, shutdown, merged, while some of them are quoted for literally pennies per share I betcha nearly every stock market player has bought some bank and other financial company stocks as speculations aka gambles, sort of just the opposite of what bank stocks were considered not that long ago I'd like to buy more, while there are hundreds/thousands of raw prospects/risks For instance: Synovus of Columbus Georgia is a now a $2--$3 stock, MAINLY APPARENTLY because it has overly loaned to a development project in southeast Georgia on the Atlantic Ocean SNV, a regional bank, had been very respected, actually owning many local banks, but these "branches" apparently semi-autonomously operate under their well known original trade names There is a rumor reported (I think) in the ATLANTA BUSINESS CHRONICLE that they are dickering around to sell their burden real estate default, and the stock looks like it appreciated maybe fifty cents more or less on the report The point? Bank stocks are not what they used to be, 'solid as Mt Rushmore' It's hard to appraise 'em, approx a dozen banks default on their State and/or FDIC requirements every month If you got an angle on evaluating bank stocks, fundamentaaly and or technically, that I may be able to grasp, then show me the damn money maker Shorting 'em? Allegedly, Mr John Paulson made billions shorting the big name brands (banks & brokers et cetera) He understood 'em to say the least Posted by Blash on February 6, 2010, 2:56 pm Robert Cohen wrote on 2/6/10 2:33 PM: > Bank stock market quotes is another way to tell how the bank is doing Doesn't mean a thing...... A small community bank was trading over $200/sh. After bringing in a "consultant" who discovered what was well-hidden on the books(loaning money to people so that they could pay interest on their loans, thus avoiding marking the loans as non-performing), the bank was 1(ONE) week from being closed by the OCC....... Luckily, they were able to raise a large chunk of cash, reorganized the bank and the common stockholders were wiped out....... Play 'em ONLY if you feel like gambling....... Posted by Robert Cohen on February 6, 2010, 8:02 pm > Robert Cohen wrote on 2/6/10 2:33 PM: > > > Bank stock market quotes is another way to tell how the bank is doing > > Doesn't mean a thing...... > A small community bank was trading over $200/sh. > After bringing in a "consultant" who discovered what was well-hidden on t= he > books(loaning money to people so that they could pay interest on their > loans, thus avoiding marking the loans as non-performing), the bank was > 1(ONE) week from being closed by the OCC....... > Luckily, they were able to raise a large chunk of cash, reorganized the b= ank > and the common stockholders were wiped out....... > Play 'em ONLY if you feel like gambling....... Yes, I certainly tend to agree banks are a book value jungle, and even the best CPA minds have trouble evaluating bank balance sheets, otherwise if bank stocks were truly transparent then the game wouldn't be as hellaciouly perilous as it is As Charles Schwab clients would know, Schwab rates stocks ABCDF, certainly not all stocks are rated, designated "NR" These are some seemingly very distressed banks, seemingly near collapse, with a Schwab C rating, and I do play a few because here is something (CRBC) worth the C rating that is selling for less than 75 cents and another now less than 50 cents (TSFG or TFSG, South Carolina...) Particularly banks selling for under a dollar per share are in difficulty, and no matter what an analyst rates, appraisal must be taken with a shot of whiskey as evaluating is an "art" itself that is subject to market dynamics/changes Any comment about Schwab ratings, which frankly appear prudish/ conservative, because they do not rate too many penny stocks ? Posted by Robert Cohen on February 8, 2010, 12:20 pm > > > Robert Cohen wrote on 2/6/10 2:33 PM: > > > > Bank stock market quotes is another way to tell how the bank is doing > > > Doesn't mean a thing...... > > A small community bank was trading over $200/sh. > > After bringing in a "consultant" who discovered what was well-hidden on= the > > books(loaning money to people so that they could pay interest on their > > loans, thus avoiding marking the loans as non-performing), the bank was > > 1(ONE) week from being closed by the OCC....... > > Luckily, they were able to raise a large chunk of cash, reorganized the= bank > > and the common stockholders were wiped out....... > > Play 'em ONLY if you feel like gambling....... > > Yes, =A0I certainly tend to agree banks are a book value jungle, and > even the best > CPA minds have trouble evaluating bank balance sheets, otherwise > if bank stocks were truly transparent then the game wouldn't be as > hellaciouly perilous as it is > > As Charles Schwab clients would know, Schwab rates stocks ABCDF, > certainly not all > stocks are rated, designated "NR" > > These are some seemingly very distressed banks, seemingly near > collapse, =A0with a Schwab C rating, > and =A0I do play a few because here is something (CRBC) > worth the C rating that is selling for less than 75 cents and another > now less than 50 cents (TSFG or TFSG, South Carolina...) > > Particularly =A0banks selling for =A0under a dollar per share are in > difficulty, and no matter > what an analyst rates, appraisal must be taken with a shot of whiskey > as evaluating is an > "art" itself that is subject to market dynamics/changes > > Any comment about Schwab ratings, which frankly appear prudish/ > conservative, > because they do not rate too many penny stocks =A0? Correction TFSG, South Financial, is a D equity rating by Schwab, and a TARP recipient, their stock is around forty cents, i am long, i perceive the FDIC would not shut them but what the h do i know Similar Threads Posted screening european stocks? November 16, 2007, 6:28 am The Mystery of Banking - 1983 textbook on inflation and banking March 23, 2007, 11:45 am PSPJ is one of the first penny stocks ever to truly build a banking platform that is functional July 26, 2007, 11:55 am Time to Put Investment Banking Back in Its Box, `The rulers of the exchange of mankind's goods have failed,'' Stop glamorizing the conjurors who propagate the confidence trick of banking by magicking shiny coins from behind our ears. 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