Are you familiar with Sterling? It seems to have fallen since you first brought this up. I don't think it is done yet. Once the reserves hit the financials, (if they are accurate) investors will flock to the doors. My price target is $4.56. I have been doing some work on repo's and the lenders are starting to clean up their mess. Some of them are pretty rough. When these costs start to in, I am expecting the third leg down, we keep hearing about. BWTHDINo.
greetings kubrock....'tanks' for your note on STSA I'm only familiar with them some 25-30 years ago when they were rapidly expanding and had a good story at that time.... since then haven't looked at em... other than their book which is somewhat similar to another 'old' name - - CATY which has sortof a similar book.......(butt, as we know, book can kinda drop real fast especially when one is not paying close attention to the facts... tanks again for your note....... more later, bdparts
Greetings and yes, I've heard a few things about sterling..........thanks for your target range.. ...it helps.... much of the new low list is financials and shoes are dropping all over.........so not unlikely that the worst is not over..... unfortunately, I'm sometimes the early person at the party......when one has "oh, so much time...." .... again, I truly value your input....thanks, ... I was kinda looking at book on it and on CATY and just kinda wondering ..... no meat in the pan yet...... more later, best to you, sat.