With FBC just recapitalizing (also known as diluting shareholder equity) are we next. The companies share a similar foot print are of similar size cut dividends last quarter to zero to "preserve cash on hand"
Does flagstar show that the losses at the large banks are starting to trickle into smaller regional players?
TMA is trash, cant compare that to CRBC. TMA's Total Debt/Equity is 19.43, they own 34 billion, 10 times more then CRBC... CRBC is far, far from being in the samme situation...
Only a few banks have plunged down there to the pennies, and they all are loosing a lot of money... As far as we all know CRBC is still making money... All we can do is compare CRBC to others banks, and I still have no dought that this is the most bargain bank out there.
Can anyone here come up with other banks still profitable, having a forward PE of 6 or lower and price to book of 1/3 or lower?
To all of you FBC Recapitalizes, the only good news that may help this stock is 1. a new CEO has been name cause Bill and FOB have done nothing but destroy shareholder value or 2. there is a buyer for this pig
I like it when some things go down on a regular basis... but the value of this stock is not one of them. Is this company in that bad of shape to be at 15-20 percent of it's value from two years ago? They're posting profits still correct? Much more than I can say for some of their peers.
Can anyone truthfully explain to me how cutting the dividend is supposed to make things better for the shareholders? I understand that it is less cash that the company needs to pay out... but how is that a GOOD thing for shareholders in the long run?