prescient11

Wall Street Already Back to Its Criminal Ways?

Malach,

You sound as if you believe that garbage. Read the reasons behind the sell rec again and then tell me what changes, let alone the dilution of 80-90 MILLION shares. Are you kidding me? And they pay back the revolver with that????

Guess what slugger, GGP did the exact same thing and paid back their revolver. Stock will eventually be worthless. Awesome. But KIM can pop 30% on BS, nothing news. Wonderful.

Full disclosure: I'm underwater on SRS by about 8 points. At least I have the decency to give you my bias. These bastards should be prosecuted for this absolute nonsense. This country is run and dominated by thieves and liars. SPG above $40 is laughable, IYR should be trading around $15 and it will eventually. IYR will be the next XLF.

As Bank Industry Analysts Lose Jobs, Serious Blogs Take the Forefront

Thanks Reggie, I will. I think you've got another paid subscriber! You finally got me. Maybe you can tell me how stupid I am for being an ETFC long in this environment. argh.

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 [e-mail] 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.

Are Consumers Satisfied With Online Banking?

I bank with Etrade and it's great. And they give you a 3.3% savings rate. Awesome.

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?

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.

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.

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.

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.

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.

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.

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.

The Last Days of Morgan Stanley

Delete my comment why don't you, you piece of garbage.

GGP Suspends Dividend in Attempt to Address Liquidity Concerns

Way to go Reggie Middleton. Great call.

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.