Sebastian's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/197059/comments http://seekingalpha.com/article/79014-march-s-p-case-shiller-figures?source=feed#comment-174977 174977 Could you perhaps do a price index for the cities that starts with 100 in 1992? Would be great.

Best Regards, Sebastian]]> Wed, 28 May 2008 02:22:18 -0400 Could you perhaps do a price index for the cities that starts with 100 in 1992? Would be great.

Best Regards, Sebastian]]> http://seekingalpha.com/article/78388-3-signs-of-a-bottom-for-sovereign-bancorp?source=feed#comment-171555 171555
Nice article in times when clubbing of US-regional banks is so en vogue.
I really can't understand the doom and gloom about small banks while investors start to talk about a bottom in the big money-centers.
The regionals are in many cases better capitalized and hold a less dangerous loan portfolio than their bigger brethren. Plus there are still small banks out there, which are actually in the banking-business (borrow at 3, lend at 6, play golf at 3) rather than playing around with derivatives 'n stuff.

I just wanted to tell you (in amazon.com-lingo) that hence you are interested in Sovereign Bancorp., you might also like Mercantile Bank of Michigan (MBWM). They operating in an economically depressed region but have a rather low exposure to residential loans. MBWM still is "well capitalized" according to the equity to risk weighted assets-ratios and has acceptable levels of unperforming loans as well as 30 day+ - delinquencies. The bank is trading below half book value and experienced considerable insider buys from many of the companys' officers and directors.]]> Thu, 22 May 2008 05:29:28 -0400
Nice article in times when clubbing of US-regional banks is so en vogue.
I really can't understand the doom and gloom about small banks while investors start to talk about a bottom in the big money-centers.
The regionals are in many cases better capitalized and hold a less dangerous loan portfolio than their bigger brethren. Plus there are still small banks out there, which are actually in the banking-business (borrow at 3, lend at 6, play golf at 3) rather than playing around with derivatives 'n stuff.

I just wanted to tell you (in amazon.com-lingo) that hence you are interested in Sovereign Bancorp., you might also like Mercantile Bank of Michigan (MBWM). They operating in an economically depressed region but have a rather low exposure to residential loans. MBWM still is "well capitalized" according to the equity to risk weighted assets-ratios and has acceptable levels of unperforming loans as well as 30 day+ - delinquencies. The bank is trading below half book value and experienced considerable insider buys from many of the companys' officers and directors.]]> http://seekingalpha.com/article/78248-warren-buffett-likes-germany-and-so-do-we?source=feed#comment-171186 171186 Beeing a German investor I would recommend you to take a closer look at Commerzbank - like Deutsche Bank it's one of the DAX30 enterprises. Commerzbank is a big player in German residential and commercial loans with low exposure to US-subprime issues. The current valuation is even more conservative then Deutsche's. It's selling at a 5% discount on book and yields a nice dividend of nearly 5%. In my oppinion Commerzabnk could easily earn a 15% return on equity in more stable global banking environment. ]]> Wed, 21 May 2008 14:24:01 -0400 Beeing a German investor I would recommend you to take a closer look at Commerzbank - like Deutsche Bank it's one of the DAX30 enterprises. Commerzbank is a big player in German residential and commercial loans with low exposure to US-subprime issues. The current valuation is even more conservative then Deutsche's. It's selling at a 5% discount on book and yields a nice dividend of nearly 5%. In my oppinion Commerzabnk could easily earn a 15% return on equity in more stable global banking environment. ]]>