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jyoung1891

jyoung1891
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  • KKR & Co.: Looks Can Be Deceiving [View article]
    You do not address KKR's proposed acquisition of KFN. What impact do you think that would have on your projections, assuming that it goes through?
    Apr 19 08:40 AM | Likes Like |Link to Comment
  • PNC Bank Puts Money Back In Shareholders' Pockets In 2014 [View article]
    Corrections:
    PNC sold Global Investment Servicing to BNY-Mellon in 2010.
    PNC's Blackrock ownership stake in Blackrock is reported elsewhere at 21%.
    Apr 17 03:17 PM | 1 Like Like |Link to Comment
  • WaMu Seesaws On M&A Speculation [View article]
    Except, of course, if it is an opportunity to make a profit.
    Mar 24 01:51 PM | 2 Likes Like |Link to Comment
  • You Call Yourself A Contrarian? Then Buy Russia [View article]
    I wrote some out of the money RSX puts on Monday. I'm looking smart this morning, but we'll see what happens.
    Mar 4 08:59 AM | Likes Like |Link to Comment
  • Volcker rule claims tiny victim [View news story]
    That "tiny" little bank is the 138th largest out of almost 7000 banks in the country. $7 Billion in assets may be small compared to YOUR personal portfolio, but it isn't tiny.
    Dec 31 08:33 AM | 2 Likes Like |Link to Comment
  • LaSalle Hotel Properties: Why I'm Staying Bullish On This Hotel/Motel REIT [View article]
    I like the sector for patient investors as an opportunity to pick up shares if "out of favor" companies. They have attractive earnings growth potential as the economy continues to recover. It's one sector of the REITs group that may prove to not be hurt by climbing interest rates.

    But you really weakened your case with that "comparison" of LaSalle's dividend growth rate to that of CHSP over THE LAST TWO YEARS. Do you really think that their dividend growth will be sustained at that rate for any length of time? Oh, by the way: LaSalle's peak dividend was 39 cents per share in 2001. What would their compound dividend growth rate be if you measured it from that date? Hint: it's negative.
    Dec 30 08:24 PM | Likes Like |Link to Comment
  • Peapack-Gladstone Financial: 13 Different Insiders Have Purchased Shares This Month [View article]
    Are you sure that all of those Dec.12 purchases were open market purchases, and not related to their exercising of expiring options?
    Dec 18 04:00 PM | Likes Like |Link to Comment
  • ESSA Bank & Trust: One Dollar Of Value Available For 50 Cents [View article]
    No way in the world Wells Fargo would be buying them: they couldn't get regulatory approval to expand. Besides, $1.3 billion in assets is irrelevant to a $2 Trillion bank anyway. PNC is all over PA already. It's unlikely that they would be able to buy, if they were so inclined, without being required to sell off branches by the regulators. PNC's new CEO has recently stated that they aren't planning any acquisitions anytime soon. Maybe Sovereign/Santander could be interested, but I wouldn't buy this bank on that hope.

    While it's true that bank consolidation is likely to continue, this one, like most of the good little banks around, is unlikely to get bought out very soon.
    Nov 26 01:45 PM | Likes Like |Link to Comment
  • Don't Fall For The Taper Talk Again: Buy Gold On This Related Decline [View article]
    Bull market in stocks started in 1982, not 1980. Gold bottomed in 1999, not 2000.
    Nov 22 06:33 PM | 3 Likes Like |Link to Comment
  • I'm Not Investing In GOV Since The Thrill Of Victory Isn't Worth The Agony Of Defeat [View article]
    Actually, after the GSA's recent scandals, and some embarrassing "over leasing" in DC, the GSA is in the process of doing some serious downward revisions to their future space needs.
    Nov 4 07:07 PM | Likes Like |Link to Comment
  • Potash Corp: 5 Fundamental Reasons To Buy [View article]
    I have some experience living and doing business in Eastern Europe, including Russia. It's important to understand that misleading public statements and pseudo-masculine bluster is SOP over there. It's reasonable to assume that much more rational discussion and negotiations are going on behind the scenes. I expect a much more reasonable negotiated settlement to eventually come out of this.
    Aug 28 12:28 PM | 4 Likes Like |Link to Comment
  • AeroVironment Will Fly Again [View article]
    I have seen no indication that management understands how to maximize shareholder value. Last quarter's upside earnings surprise was preceeded by two large misses. The misses were blamed on government order delays. But a better management team would have shared that information as soon as it was known. Sitting on a large pile of cash does nothing for the shareholders. Company needs to be bought, either by a strategeic shareholder (ideally), or a financial acquirer that can do a better job of operating the company for the benefit of its shareholders.

    Long AVAV, underwater.
    Aug 25 06:46 PM | 1 Like Like |Link to Comment
  • Tesla: Be Ready For A Massive Crash [View article]
    Dead, dead, dead, in custody.
    Aug 12 01:57 PM | Likes Like |Link to Comment
  • Eagle Bancorp Could Be A Long-Term Love Story [View article]
    There are a lot of relatively small, rapidly growing banks in the DC market. Unlike most of the country, DC wasn't greatly hurt by the Recession, due to the impact of the govenment sector on the local economy.

    A number of these small banks are growing rapidly by lending aggressively, at least on deal structure and credit quality. Most of them are heavily exposed to the real estate market. But these local banks ultimately cannot compete with the big banks because they do not have the breadth of services or geographical coverage that the big banks have. Also, the overall lower credit quality of their loans exposes them to potential losses, which may take several years to bubble up.

    Their "end game" isn't to grow into regional powerhouses; it's to be purchased by a bigger bank. Then, the senior officers leave, go to another small bank, grow it using the same model, and do it again. It's profitable for them, and for their shareholders, if it succeeds.

    The question for Eagle Bank is what their long-term objective is. Their current model works well in the DC market, as the author notes. It may be difficult to replicate elsewhere. In the meantime, as noted by a previous commenter, they sell for a high multiple, and pay no dividend. Both of those factors make them a riskier investment.

    I am not negative on Eagle Bank. I just think that the opportunity that their stock presents comes with risks that were not expressed in the article.
    Jul 4 08:26 AM | Likes Like |Link to Comment
  • RLJ Lodging Trust Carving Out Hotel REIT Profits [View article]
    Unfortunate that you "managed" some of your analysis there. How much has CHSP paid in dividends since it went public? What has its total return been? What is it's current yield?
    Jun 26 05:39 PM | Likes Like |Link to Comment
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