Q IV Full year disappoints but worst should be behind SAN
SAN's results remind me of C's. Looks like they increased loan loss provisions and took whatever other hits they could. Expect 2013 to start reversing trend of greater loan loss provisions and other fundamentals to stabiltize and even improve. Short term market impact likely to be negative but I think the shares will perk up a bit in a week or two. Same thing happened with C. C is also getting their house in order. Unfortunately, this process takes time.
CVRR is Running! As of 247pm Feb 5th, it's UP 4.5% and up 15% in 7 days! This MLP is surging as it's proven to be the best MLP to date. The Est. Div Rate 18% as of IPO, people are buying this just for the dividend. Throw the rule of 72's out on this. buying it for $30 and getting $4.50/yr....WHY ISN'T EVERYONE BUYING THIS! Who cares if Ichan owns most of the underline company and $100 mill of CVRR....he's in the business of making money, and 4mill shrs getting $4.50/yrs Ichan will receive 16mill a yr to pay his living expenses and neve have to worry about making a #$%$ HLF decision! BUY THIS, I'm Long everyone should be long. TAX FREE DIVIDENDS BABY!!!