Vegasjoe

S&P 500's Best and Worst Net Income Change

So what is the point of this? Buy the dogs and sell the companies with real earnings? Many of the financials will never recover in share price for two reasons, namely, there ability to lever the balance sheet and party in SIV land is over, and exisiting shareholders in most cases have been diluted into oblivion.

More of the Same

Maybe the Arab sovereign funds will buy them all out and dilute all US shareholders into oblivion?

Value in Regional Bank Stocks?

If Wachovia writes down most of the Golden West purchase, what book value will be left? Investors have seen the stock fall in 12 months from the mid 50's to $17 and change. FHN is cleaning up all of the stupid "we want to be a big player" mistakes and going back to basic blocking and tackling. What major bank will go bust first? Vegas odds say WaMu.

The Second Wave of Bank Troubles

FHN has cleaned up most of the mess, selling all the crap that got them into trouble in the first place, at a cost of 75% or more to existing shareholders! So what is their second shoe? And what are the odds BAC cuts its dividend and raises capital? And why did they close on $4 Billion CFC if it is all bad long term? What is long term? 3 quarters or 3 years? And what was WB thinking when it overpaid at $25 Billion for Golden West? Their current Board Chairman, and acting interim CEO, Smith, has presided over 20 years on the board of First Union's stalwart acquisitions, which led them to change their name to protect the guilty when they stole Wachovia. Infact, the only decent acquisition First Union has likely done is steal WB, but then they had to grease the palms of the outgoing CEO at Wachovia, Baker.

Time to Buy Financials? 4 Potential Picks

LEH is a crap shoot; how much sub prime crap do they have on the books? The others seem ok, however, HNL is probably cutting its dividend. Why not WM and CFC? They have the most to gain if the sector is turning.