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Stone Fox Capital
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Stone Fox Capital Advisors is a registered investment advisor founded in 2010. The firm offers portfolio management with a focus on opportunistic stocks providing secular growth trends at an affordable value. An emphasis is placed on fundamental analysis though charts are used for timing entry... More
My company:
Stone Fox Capital
My blog:
Out Fox The Street
  • Synovus Financial Pounded on TARP Repayment Fears 0 comments
    Feb 3, 2010 4:02 PM | about stocks: SNV
    Now this news from CNBC and the fact Synovus Financial (NYSE:SNV) is down 10% tops the list of absurdity. No way SNV would issue any share to repay TARP. They aren't in any pressure and in fact shareholders don't want them to repay TARP at this time. Maybe if the shares jumped to $5-6 they could consider an offering to repay TARP. Otherwise, thats just an issue for the major banks like PNC that did an offering this morning.

    Buy the dips from the dips!

    Analysts said regional bank shares were hurt by the prospect of TARP repayments, including dilutive common stock offerings like PNC's announcement, and investor worries about first-quarter 2010 performance.



    Disclosure: Long SNV
    Stocks: SNV
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