siegfried

Doo-Doo Bank Drill Down, Part 3: Sun Trust Bank

yes just covered my short in STI. you should at least reference the KO stock on their balance that they said they would realize $1 billion of new tangible equity from this quarter. the management promised this in last conference call, i will wait for that announcement to re-short or if the stock hits $55 again. their HELOC portfolio is what i would call the biggest risk in their loan portfolio, about $15 billion and about 10% will need to be written off in next annual report.