mastachopchop

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    • Sun Jun 29th 22:58 PM | Rating: 0 0
      Commented on:
      Is Regions Financial Due for a Bounce?
      So you worked at Regions mortgage in 2006? Dude, fill us in on the details. How bad were the underwriting standards back then? Any details on the AM South acquisition which was purchased at the peak of the cycle?
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    • Thu Jun 19th 06:40 AM | Rating: 0 0
      Commented on:
      Is Regions Financial Due for a Bounce?
      Why do you feel the shares fully discount all of the risk? Just because its lost half of its market value in the last few weeks? I saw the word value investor in your bio, but dont mistake this for value. This is crap at its finest.

      Why are you only highlighting the construction loans? Their 2nd lien residential portfolio in Florida is straight boo boo as well. I also saw some condo exposure in there. They have all that good stuff. And even though the company claims LTVs < 75%, this is based on housing prices from the good old days. Today its much different and those LTVs are much higher. I dont know if all of this is fully priced in. What I do know is that this situation is evolving much quicker that the banks expected. Notice all of the revised loan loss estimates coming from mgmt teams. They have no idea what is happening from one month to another.

      Sentiment can get much worse. Have we had any large regional bank bankruptcies? Nope. Look at the last credit cycle (1990) and compare how many banks went bust versus today. We have a long way to go.
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    • Thu Jun 19th 05:57 AM | Rating: 0 0
      Commented on:
      Is Regions Financial Due for a Bounce?
      Why does everyone want to be a hero? Even after bear stearns people still want to jump in and catch falling knives. Do you realize their loan portfolio has significant exposure to Florida? Just yesterday FTIB gave us an update and said Florida is a complete mess. But you want to step in and say Regions is a buy, huh? Did you notice the way the shares dropped on the day GS posted good earnings? Sentiment is horrible for a reason. And with supposed fed hikes in the near future you still think regions is a buy? Come on dude. Do your homework. This is the reason why we are in this mess in the first place. People want to make an easy buck without reading a 10K.
      View article »
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