Subprime Borrower's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/166440/comments http://seekingalpha.com/news/market_currents/post/23879?source=feed#comment-496153 496153 Fri, 08 May 2009 18:19:31 -0400 http://seekingalpha.com/article/72030-capital-one-outlook-not-as-rosy-as-analyst-describes?source=feed#comment-152017 152017 Thu, 17 Apr 2008 00:18:02 -0400 http://seekingalpha.com/article/71764-doom-gloom-hit-silicon-valley?source=feed#comment-148043 148043 Thu, 10 Apr 2008 00:05:13 -0400 http://seekingalpha.com/article/69640-double-whammy-bank-card-companies-may-be-next?source=feed#comment-132200 132200
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... ]]> Thu, 27 Mar 2008 00:10:03 -0400
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... ]]> http://seekingalpha.com/article/69612-financial-stocks-future-earnings-estimates-is-this-a-joke?source=feed#comment-131516 131516
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."]]> Tue, 25 Mar 2008 22:04:19 -0400
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."]]> http://seekingalpha.com/article/63315-the-power-of-capital-one-s-stock-buyback?source=feed#comment-129622 129622 Thu, 20 Mar 2008 23:12:31 -0400