I appreciate all the lively discussion on this board, but was hoping for better analysis and insight. What is the status of those branches and do we have sufficient transparency into their growth potential?
Unfortunately most of the information to do that analysis is not available. The secondary issuance information provided the extent of the losses down in Florida. Most of their loan loss reserve is as a result of the florida operations. 10 to 1 ratio. Prior to that Management refused to provide the breakdown during the stockholders meeting. The stock price of TRST moves with the whole financial sector. When it hit 14 it was a result of the real estate bubble. Lots of revenue as a result of buying and flipping houses. Now financial stocks have tanked as a result of the economy. To sum it up it was an expensive investment to travel to Disney world and deduct it as a business expense.
hey kuntjam...call your broker and reverse your position in this horrible bank...sell immediately and tell your broker to short all he can....deathy drums beating louder daily....issuance of new stock last month combined with boss selling 750,000 shares should be enough reason to short at will and enjoy the slide to pink sheets within 2 yrs...wait and see