prescient11

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    • Thu Nov 27th 11:47 AM
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      As Bank Industry Analysts Lose Jobs, Serious Blogs Take the Forefront
      Reggie, I thought you were done wth Seeking Alpa man? Your subscriber part of your blog is kind of whack, I keep trying to log in to no avail. My email is prescient11@yahoo.com if you can help.

      For those who don't know Reggie he's the best around, GGP is his crown jewel. He also called HIG and the other insurers and the downfall of the IBs. His analysis is the best. I shouldn't have closed my short on GGP in the $20s, and you shouldn't have closed it in the teens,wow!

      Congrats on all the success man, you've earned it.
      View article »
    • Sun Nov 16th 20:45 PM
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      Are Consumers Satisfied With Online Banking?
      I bank with Etrade and it's great. And they give you a 3.3% savings rate. Awesome.
      View article »
    • Thu Nov 13th 09:43 AM
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      Citi's Desperate Straits
      Felix, once again your analysis proves to be top notch.

      Of course, I hope the sarcasm comes through clear enough as there is no analysis in this piece. Why do you write such tripe?
      View article »
    • Sun Nov 2nd 21:11 PM
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      The Trouble with Rescues and Stimulus
      I echo "I should know"'s comments completely. WFC didn't want the money. Should their shareholders suffer? The author should perhaps do her research.
      View article »
    • Sat Oct 25th 15:42 PM
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      Bigger is Not Better in Banking
      Chris, this analysis does fail to appreciate the $300B housing bailout that was passed. What is the consideration of that? Always liked your work.
      View article »
    • Thu Oct 16th 23:14 PM
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      Bear Market: Hunting For Value
      Great article. If I wasn't underwater in Etrade, I would put $50k on this stock right now. Ridiculously good buy.
      View article »
    • Tue Oct 14th 23:30 PM
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      An Ameritrade-E*Trade Merger? Not as Crazy as It Sounds
      Why hasn't the author addressed the fact that the TARP plan means the losses are a wash for any potential acquirer.

      I mean, would you rather pay taxes or use that money to acquire a competitor and offset losses.

      How can any fool think that $4-5 would be reasonable. Aside from all the conspiracy theorists that post here and elsewhere, ANSWER THAT QUESTION OR JUST SHUT UP.

      If I can hear one reasonable answer to that point, then they would have a point. If not, they are just liars.

      The TARP program gives a potential acquirer a loss-free (due to tax credits), debt-free (Etrade has free cash to pay down all debts just about) brokerage.

      So, what is a debt-free, loss-free, perfectly healthy Etrade worth? $4-5/share. I think not.
      View article »
    • Tue Oct 14th 00:03 AM
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      The Weakness of the Treasury's New Bailout Plan
      Felix, the resident genius with "concerns". Really, man, why don't you just own up to it. No plan would be perfect. And they're taking preferred shares so they do not dilute the common. While it's not as much oversight as one would like, what do you expect them to do, FORCE healthy banks to accept this capitalization and then FORCE them to accept new board members, someone probably as dense and bureaucratic as yourself.

      Listen, despite your constant cabal-like effort to communicate "concerns" about everything, this is the government giving you a big middle finger, saying, listen skippy, we, the Euros, everyone is backing our banks and that's it. So move along Felix, just move along man. You've been out of your league for some time.

      The financial system will not fall, it appears, based on these broad guarantees, and I think the governments of the first-world nations should be applauded for their efforts in this regard. Let's just hope the lesson has been learned and once the bleeding is stopped they fix the disease.
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    • Mon Oct 13th 10:25 AM
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      An Ameritrade-E*Trade Merger? Not as Crazy as It Sounds
      One other point, due to the TARP program, an acquiring company would be able to pull Etrade's losses out and use them as a tax credit for the next couple of years. Thus, Etrade's expected future mortgage losses ARE A WASH because the acquirer would just be paying that in taxes anyway.

      So they can acquire Etrade without worrying about mortgage losses. Further, Etrade has enough cash on hand at the bank $1.8B and at the parent $700M to pay off almost ALL OF THEIR DEBT.

      So do the analysis, what is a debt free, no loss Etrade worth? It's got to be near $15 at a minimum. If AMTD could pull it off near $10 it would be a tremendous steal.

      Then they might have a platform that runs without crashing all the damn time.
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    • Mon Oct 13th 10:08 AM
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      An Ameritrade-E*Trade Merger? Not as Crazy as It Sounds
      AMTD had better raise their offer if they expect to seriously be able to buy ETFC. ETFC has $1.4B in free cash on hand. A $4 offer would represent $2B roughly and would be a joke.

      No, about $8-10 might do it, but $4-5 would not get it done. You are aware that Etrade's CEO, Donald Layton, spent $1M of his own money to buy Etrade shares at $4.07.

      The merger makes sense, but at $4-5 it makes no sense.
      View article »
    • Thu Oct 9th 22:18 PM
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      The Last Days of Morgan Stanley
      Delete my comment why don't you, you piece of garbage.
      View article »
    • Mon Oct 6th 12:27 PM
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      GGP Suspends Dividend in Attempt to Address Liquidity Concerns
      Way to go Reggie Middleton. Great call.
      View article »
    • Wed Oct 1st 23:50 PM
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      Hank Paulson: Smartest Man in the Room
      Do only doom and gloom freaks post here. I will say that I think Paulson has an idea of what this is. Do you morons really think that he and his lieutenants, who have been working for 24 hours straight for months, do not understand the problems.

      Yes, all you are geniuses and Paulson knows nothing. The author may be a little too much in favor of Hank, but it's clear that Paulson has some plan. A lot better than what I've heard from the uber-bears. Most of which I see post again and again on these articles with nothing ever to say.
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    • Sun Sep 28th 16:17 PM
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      Did the FDIC Sabotage WaMu's Management and Erode Investor Confidence?
      yes, FDIC limits need to be raised, at least $500k.
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    • Fri Sep 26th 18:05 PM
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      Worrying About Large-Deposit Bank Runs
      Well well well Felix, I see that these SOBs are being investigated for aggressive short selling and CDS manipulation. Care to apologize to Dear John Thain now, or will you never own up to your own ignorance and mistakes.
      View article »