Oct 24, 2013 - Investing legend Carl Icahn has an estimated personal net worth of $20 billion.
And by the way, hypocrite, why haven't you ever moved on???? I'm in the market to make money!!!!! Never fall in love with a stock!
Jerry Shearer and Jerry Zucker both died. See ... that activist investing is too aggravating. Warren Buffett has the right idea ... why kill yourself when you can move on to something better?
As long as SBLF is unpaid, it doesn't make sense to keep paying the dividend. Now that everyone has gotten used to no dividend, just skip it and save the money for SBLF repayment.
Bloomberg - Building permits climbed in October to the highest level in more than five years, signaling the U.S. residential real-estate market will strengthen in 2014.
Study history ... every big recession has been followed by an echo recession a few years later. Another housing bust is brewing now. HBKS looks very well prepared.
SGB is big on mortgage banking. When interest rates shoot in early 2014, banks like this ... along with MNRK and TOWN ... will get creamed!
It helps to have a CEO from the Beach. Someone probably told Bobby Keogh to put a branch at the Oceanfront ... and he thought they meant Ocean View.
I wouldn't say China ... CEO doesn't want to turn the shareholders lose and watch them lose their money. We need a big bank stock we can hold ... like BBT!
I would take a look at the Chinese market. Wait ... buy HBKS; when it's sold, monetize your investment - then invest in China.
Banking isn't a great long-term business, since every 5 - 15 years you are going to hit a deep recession. Bigger banks have more resources to survive though ... small banking is really a bad idea.
Don't think you will see regulations lessened for small banks, since they are the ones that go bust. The future lies in big banking.