cbusoh66

cbusoh66 t1_jecc3rz wrote

And yet another FRC post from someone who has no clue what their balance sheet looks like, no one does anymore, and any past performance is mute at this point.

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cbusoh66 t1_je5zjbm wrote

Reply to FRC Hedge by FantomJr

In the absence of a buyout, it doesn’t mean a complete failure nor a complete recovery. That 1.5 PE was the past before they lost a ton of deposits and maybe had to swallow a bunch of losses.

I doubt this goes to old highs so upside is limited, IMO, until they report earnings and analysts understand the extent of the hit.

The Feds (FDIC, Treasury, and Federal Reserve) do not want to see it fail either, they’re backstopping losses (but no one knows the cost) so if it makes it through this week at least, the odds are it’s not going to fail. It’s going to take months to figure out what its true value is.

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