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SWS Group, Inc. Message Board

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  • calmcom calmcom Aug 30, 2011 8:34 AM Flag


    Oh goodie! Now we can't tell the difference between operating and investing activities! Woo-hoo

    At least it's just a reclassification and not net reduction. But

    And at least it's not a $6,000,000 charge for not noticing a corespondant is grossly over allowable amounts and getting slaughtered by a short position that SWS is now responsible for. Oh, that was last quarter.

    Why am I long? Good grief.

    Hopefully our capital saviours still see something hopefull....this did close the deal after all.....

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    • Bank is shedding assets, both good and bad ones. The "interim" CEO doesn't know what he is doing. They keep running off their good business. Soon they will be in a position they can't get out of because they refuse to make proactive decisions. The banking side is run by a dictator and will never turn around until he is ousted. Hopefully the new guys will notice this and save this company. How can no one see this??? Wipe out the management that put them in this situation! The way i see it is they will continue running off good customers until they get to a position they like and by then no one will want to bank with them and they can't book new loans. Sad to watch.

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