well, there brewer, you're kind of helping me make my point, at least in terms of stock valuations. Why should any entity that YOU and "long term observers" can't figure out (I think I recall that you are in some kind of finance job) have ANY serious market value at all? Why shouldn't it be treated as some kind of penny stock?
If IN THEORY they make money, but IN PRACTICE no one knows and the picture is "murky".. why shouldn't that deserve a justified "run".. run awaaaaaayyyy. When you and many in the media talk about BSC and a 'run'.. it makes it sound like some unfair panic based solely on rumors.
"banks that don't have these problems".. no one seemed to think the other banks had problems until all of a sudden they did. What analysis/metric do you use to decide what is a 'good' bank?
Jim Cramer?
 Quote:
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People's United Financials (PBCT): 'Second-best, after Hudson City Bancorp … Very well-run, very conservative, but I do like HCBK better.'
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Jim Cramer's Mad Money Lightning Round, 2/12/08: Metalico Rocks - Seeking Alpha
Quote:
Bullish calls:
Wachovia (WB): 'The yield is safe ... [Wachovia, Citigroup and Bank of America are] the trio I want you to own.'
Citigroup (C)
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Jim Cramer's Mad Money Lightning Round Picks, 9/10/07 - Seeking Alpha
(Sorry, not implying you invest by following Cramer, just couldn't resist since I came across this when looking into PBCT.)
Then as far as spreads are concerned.. I'm wondering (not challenging, necessarily, but wondering) where are the customers for the 7% loans when people were having trouble paying off for or qualifying for the 5%-6% ones? Fewer customers, fewer originations, maybe.. and higher rates (but on lower loan amounts).. could be a wash?
I think I'm officially throwing up my hands!!
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