John, I guess it is just you and me... Last July investors gladly paid $52+ a share. Now, after several Fed Funds rate raises that went to the bottom line, a greatly increased net margin, lowered cost of funds, a dramatically increased loan porfolio the M&A group posting good #'s, the warrant imbroglio behind us, no real competition on the radar screen, expansion of the business base and other improvements, we cannot break $50! Go figure... bb
Gee, maybe it was overvalued at $52. P/E of 20+ for a bank.......no ipo action in sight......an east coast CEO running a west coast business model....continual, random reorganizations. But that dangling carrot of warrant payouts that never happen does keep some good people there.
Welcome Krusty one...and how long have you been short here? What was your short sell at and what price are you looking to cover? You are either woefully misinformed or willfully misinforming. Some observations; 1)Historical good times have had this at a P?E in the mid 20's, forward 12 months. 2)SIVB is hardly just a bank, their renaming it SVB Financial Group was not window dressing. 3)IPO's were never the friend of the Co., when one of their clients went IPO SIVB lost their business to a larger bank without any benefit. With the acquisition of Alliant, an M&A firm, they now benefit from the deal. Remember about 75% of liquidities are M&A not IPO. 4)E. coast/W. coast nonsense?! SIVB was NEVER a geographical business model, it was & is a technology play. Their first move out of the west was to Boston where the current CEO was part of the original team (1991 ?). AS he grew the east coast into several regional offices he was rewarded to come to HQ for additional responsibilities (1999?). CBO, Pres. then CEO-deliberate moves, not random reorganizations. SIVB has expanded globally to the UK, Israel, India and the far east in a planned focused way. 5) Warrant payouts are maybe the 10th priority for investing here as any spike in them is discounted by the analysts. Listen to the conference calls over the past decade, read the reports od the analysts and you will find a long time group of satisfied and sophisticated investors that would likely find your remarks unintelligible. As it is likely that you are new here, past 6 months, your short sale was between $46+ to $49+ :think about closing your few hundred shares out and find more fertile ground. You can't talk this puppy down. Best investing, bb My opinion is for entertainment value and is not a substitute for your own due diligence.