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Republic Bancorp Inc. Message Board

  • wallysworld18 wallysworld18 Feb 11, 2011 7:24 PM Flag

    RBCAA ordered to STOP all RAL/TAX products!

     

    down we go!! They will lose everything as far as profit is concerned! AAPROXIMATELY 60 MILLION!

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    • RBCAA will CONTINUE all the RALs they want throughout the entire 2011 tax season!!!!! And, 2011 will be another record year for Net Income!!!!!!

      You were amazingly uninformed on almost every piece of information that you tried to share. First of all their tax unit's net income is roughly $40 million (not $60 million as you suggest) ... even more importantly, RALs will continue throughout the 2011 tax season ... the hearing will not be held until after the tax season is over and Republic has already completed 75% of their projected RAL volume in order to EXCEED last year's record net income ... the only real question is what will happen in the 2012 tax season (and beyond) ... my guess is that HRB will have another lender lined up and perhaps the Debt Indicator (DI) will be provided by the IRS again ... in any case, RBCAA's share price may be under pressure in coming weeks due to the upcoming hearing and the potential loss of RAL income next year ... which will make it even stranger to see a bank with an EPS of over $3.00 trade well below a PE of 6 ...

 
RBCAA
23.79+0.07(+0.30%)Sep 29 4:00 PMEDT

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