PFF Bancorp (PFB)
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Global Financial Performance [view article]
Hey Bottom Feeder, Keep buying ABK. As soon as they do a 30:1reverse split you will see what few shares you own selling for somewhere around $60. Reply
Global Financial Performance [view article]
Now Bernanke is requesting more power from Congress to regulate banks, including investment banks. It looks like the markets are responding positively to this. The question now becomes, why hasn't the SEC done a better job of regulating the banks? It does seem that the Fed might be in a good position to achieve a better result if it had this further power. However, is this something we want a regulatory agency to be able to change on a whim? How hard is it for the SEC to regulate this area? Why have they not done so effectively (at least for this situation)? ReplyGlobal Financial Performance [view article]
I am here! Picking up ABK as they fall. Ambac will survive and they are finally in my price range. I have 10 years to watch the turnaround, as I am pretty young still. Thanks to all the chickens(aka Bears) in the market, I am getting everything at 75% off. It's like a sale everywhere! This is great! ReplyGlobal Financial Performance [view article]
Question:Where are the shorts getting their stocks to short?
What does it cost the shorts to hold a short position?
Do longs know that their stocks are being lent?
On Jul 02 10:55 AM Common Sense wrote:
> The shorts are the only thing pushing Ambac down to the current levels.
> When the shorts scramble to cover, you will see where the true value
> of the stock lies. I must say, the shorts that are still in Ambac
> at this point have a pain tolerance that is much higher that the
> average investor. When they start covering, the current price of
> just over $1 is going look a little silly. When covering starts you
> are going to see a gap of around 25% to the up side. With out shorts,
> Ambac would be priced north of $5 right now, most likely around $12.
> If you are long, you really can not beat the shorts out, they are
> too strong. Some advice would be to dollar cost average your position
> and take advantage of the under weight price provided to you by the
> shorts. When they decide to leave, you will be very happy that you
> did.
>
> On Jul 02 10:12 AM Ishortyou wrote: Reply
Global Financial Performance [view article]
The shorts are the only thing pushing Ambac down to the current levels. When the shorts scramble to cover, you will see where the true value of the stock lies. I must say, the shorts that are still in Ambac at this point have a pain tolerance that is much higher that the average investor. When they start covering, the current price of just over $1 is going look a little silly. When covering starts you are going to see a gap of around 25% to the up side. With out shorts, Ambac would be priced north of $5 right now, most likely around $12. If you are long, you really can not beat the shorts out, they are too strong. Some advice would be to dollar cost average your position and take advantage of the under weight price provided to you by the shorts. When they decide to leave, you will be very happy that you did.On Jul 02 10:12 AM Ishortyou wrote:
> In respect to AMBAC and MBIA, they need to keep and save all the
> cash possible including stop paying dividends, deleverage AGGRESSIVELY
> from all their risky liabilities specially those CDS-CDO's, RMBS-ABS
> of uncertain value, in order to remediate their book values, once
> their book values are sound they need to reinstate their triple A
> rating again to write new low risk public bond insurance business.
> They can also open or extend a line of credit to make sure to continue
> operations and dissipate doubts. This will also prevent further downgrades
> from rating agencies.
>
> They are already doing these, so it will take some time to deleverage
> their books from uncertainties and rewrite new business again. This
> coming back will be the best advertisement to recruit new clients.
> Reply
Global Financial Performance [view article]
In respect to AMBAC and MBIA, they need to keep and save all the cash possible including stop paying dividends, deleverage AGGRESSIVELY from all their risky liabilities specially those CDS-CDO's, RMBS-ABS of uncertain value, in order to remediate their book values, once their book values are sound they need to reinstate their triple A rating again to write new low risk public bond insurance business. They can also open or extend a line of credit to make sure to continue operations and dissipate doubts. This will also prevent further downgrades from rating agencies.They are already doing these, so it will take some time to deleverage their books from uncertainties and rewrite new business again. This coming back will be the best advertisement to recruit new clients.
Reply
General Discussion on PFB
This is a buy!!!! I hear on the street that PFOB Capital wants the 64 branches to convert to Cal national. Did you know hat Cal national is the largest bank in Ca.? (Headquartered) Check out the banks that PFOB has purchased! Luxor is also involved! ReplyGeneral Discussion on PFB
This is a buy!!! I am not in the broker business, just word on the street about PFOB and LUXOR Capital. PFOB owns Cal National and they want their 64 branches to convert to the Cal name.On Apr 06 05:23 AM SeekingAlpha Editors wrote:
> Is this a buy or a sell? Reply
General Discussion on PFB
P.S. That's pray, not pry and I am a builder, with an honest and small business. I do however understand how this particular bank got into this problem, and it was not because they made any of the BAD mortgage loans. The big track builders, with construction loans, can not sell, therefore they are not able to pay. ReplyGeneral Discussion on PFB
I couldn't agree more, their customer service, even for a business, which I own, has been terrific. I think the best option is to buy stock, so they can generate capital and get out from under the Building Contractor Loans that put them here. Hopefully the management will encourage the employee's to buy the company via stock purchases as well. We will all be much happier and maybe even pocket a little change.I am not a broker, trader, or even a heavy investor....but I would rather lose a few dollars on their stock then lose their business in our community.
Buy, pry if your so inclined, that they encourage employees to buy, and tell your friends, if enough of us get on board, we won't lose the best service we have in the Inland area, or anywhere else for that matter. Reply
PFF Bancorp: Are Californian Banks Really That Bad? [view article]
This is too bad about PFF. They were a small town bank with great personal service and a long history in the region. Compared to Wamu, BofA and other banks I have used, these folks were the best. I hope they survive. ReplyEditors
General Discussion on PFB
Is this a buy or a sell? Reply