If he is right and this offering is completed soon at $32.50 this stock will be over $34, closer to $35 by the week's end. This stock has been pinned until investors could get Geitner to sell. With the gov out of the way and the sale of the airliner leasing segment(most unliked by funds for insurers) which increases cash per share by $3.00 this stock will now move closer to peer book value valuations of over 80%. That is $55 per share. This stock will have an amazing move if Kass is right as to offering completed at $32.50.
Agree 100 percent. if the deal is completed at $32.50 by the end of the day we will closer be to $34. I think this stock will be at $36-$37 next week. They are probably buyers of the stock from Treasury using the funds from the perfectly timed sale of the plane leasing operations. The blip down should be bought if we get it. If the announce they are buying $2-$4 billion of the $7.8 billion float we move higher pretty quickly. This stock is worth no less than $45.