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Synovus Financial Corporation Message Board

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  • zerosum88 zerosum88 Nov 24, 2009 11:21 PM Flag

    My 2 cents on SNV

    Please pull out the char of RF, can anyone tell me why RF is much better than SNV? The cash/debt ratio, SNV is much better than RF.

    SNV will see $4 for sure in couple of months. May see $10 by the end of 2010. SNV can be an easy 5X bagger.

    Remember SNV will not go BK

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    • I own both RF and SNV. RF is a better geographic
      position with a better deposit base and does not
      have the contruction loan exposure that SNV has.
      Watch out for that huge jump in restructered loans
      of SNV. A good percentage of those will go bad...but
      that is more than reflected in the current price.

    • for whatever reason some analysts have turned negative and caused panic on this stock. The positive analysts aren't believed and basically ignored.

      Reminds me of 2008 when bank stocks got hammered. Last year it ended up being legitimate, but this seems like a headfake. Going to screw over the shorts trying to use last years playbook.

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