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Synovus Financial Corporation Message Board

  • gulfcoastjoe gulfcoastjoe Nov 6, 2012 11:43 AM Flag

    How will they payoff TARP ?

    I like SNV, but how will they payoff TARP money and will their be dilution while paying it off ?? thanks

    Sentiment: Hold

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    • Typically, to make investors happy, they will start slowly pumping PPS by 50-100% and do several small dilutions with price drops by 15-25% but lasting only few days since investors will see that positively. But i was surprised by the CEO comments that all is almost ready even by the end of this quarter and company is well capitalized. So they may even not dilute the common stock finding other ways like also often happens.

      Anyway, this is very bad news for shorts why they are covering which is seen in drop in short interest. Speed shorts out of here, help them make a harakiri -- SHORT SQUEEZE!

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