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SunTrust Banks, Inc. Message Board

  • jackkilsyth jackkilsyth Dec 19, 2011 7:20 PM Flag

    $16, book value $37. What am I missing?

    Technically, it looks like this stock could go a little lower in the short-term. Why has it gone down so much though? Is this contagion from the larger banks and the Euro situation? I'm interested in building a position in this stock at the right price. Thoughts, comments?

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    • cruisetillthetiresfalloff cruisetillthetiresfalloff Dec 19, 2011 9:16 PM Flag

      Next stop is mid 14's. You can take a short term speculative trade position there for maybe a couple points on any snap rally. Longer term it's headed back to mid/upper single digits. At that point you could buy shares as a sort of perpetual option. Your downside is BK so a loss of say $6-8 (the early 2009 lows it's headed back to) versus a chance at a 2-3 bagger if they survive (or get re-bailed out).

      Overall, the next 12-18 months it's pretty much avoid or short. This is a classic riches to rags story.


      • 1 Reply to cruisetillthetiresfalloff
      • jack, advice from this clown will get you a nickles worth of ash.. (dont worry, he has not Idea what that means)

        The company cannot go bankrupt, just look at the delta value on the assumption the portfolio could be stressed another 40%. This company still has room to survive another catastrophic event. Is there huge upside? NO, not until this storm passes. I would not recommend ANY bank stock now. You would not be buying "into" anything..Financials are all emotional right now, we could see any and all banks back in single digests on emotion alone. Ive banked there for years, they are VERY good in the commercial and wealth space. That's the only two sectors banks can rely on now and they happen to do well there. "retail' banks are in a nose dive and will be there for years to come, at a min stay away from those

42.07-0.50(-1.17%)Apr 28 4:02 PMEDT