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  • Some bombshells from Sun Microsystems' (JAVA) latest 10-Q filing. Open-sourcing the U.S. anti-bribery laws? (All Things Digital)  [View news story]
    It's not a bombshell. Companies bribe foreign officials all the time. The worst that will happen is a slap on the wrist and a small fine. This will not move the stock in any significant manner.
    May 08 18:19 pm |Rating: +2 0 |Link to Comment
  • Capital One: Outlook Not As Rosy As Analyst Describes [View article]
    You're late to the party mate, should have covered yesterday. Market already has an earnings miss priced in.
    Apr 17 00:18 am |Rating: 0 0 |Link to Comment
  • Doom, Gloom Hit Silicon Valley [View article]
    This is not the 1991 recession it's the 1973 recession. Get ready for gas lines and a 10% unemployment rate. Woohoo, we're screwed!
    Apr 10 00:05 am |Rating: 0 0 |Link to Comment
  • Double Whammy: Bank Card Companies May Be Next [View article]
    Insider Trades: Cap One Chief Sells 21% of Stake in COF

    Capital One Chairman and CEO Richard Fairbank continued his rapid sell off of company stock on Wednesday. Over the past eight weeks Fairbank has sold more than 21% of his shares for a total take of $26,283,955.39.

    www.insidercow.com/his...
    Mar 27 00:10 am |Rating: 0 0 |Link to Comment
  • Financial Stocks' Future Earnings Estimates: Is This a Joke? [View article]
    The investment banks will be fine, forecasts on their earnings are reasonable considering the love and caring they're getting from the central bank. Let's face it, if any of the big i-banks were allowed to go bust the global financial system would collapse, sending the world economy into depression. The worst that will happen is MER or UBS will be gobbled up by GS.

    The real concern in this cycle is commercial banking and credit cards; the market doesn't full appreciate the very scary situation they're in. Take Capital One (COF) for example. They're trading 25% above target despite heavy delinquency rates, charge-offs, rising unemployment, etc. Barron's sums up their situation nicely:

    "The problem for Capital One, though: the Fed hasn't
    done anything to change the bank's fundamentals. The central bank has been remedying the problems of broker/dealers and the holders of deteriorating mortgage products, not credit-card lenders. Instead, the problems associated with that part of the banking system - the
    reticence of the strapped consumer, as well as the rise in delinquiencies - haven't been redressed. Friedman Billings Ramsey said Tuesday that the run has left the stock over-valued."
    Mar 25 22:04 pm |Rating: 0 0 |Link to Comment
  • The Power of Capital One's Stock Buyback [View article]
    COF is screwed. Delinquencies and charge offs are soaring this quarter. Just look at DFS who was down 65% y-o-y in Q1!
    Mar 20 23:12 pm |Rating: 0 0 |Link to Comment
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