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Raymond James Financial, Inc. Message Board

  • chegewaara chegewaara Dec 27, 2007 9:00 AM Flag

    mild version of ETFC

    is RJBank a mild version of E*Trade Bank? sure, what it did is not as eggregious, but is growing CRE & resindential construction loans by 2.5x YoY is really prudent?
    this board is dead for now, but it might come alive soon

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    • I would not classify it an ETFC but the bone head moves in REIT type investments will be a drag on earnings.

      Nevermind the naysayers on here they don't understand.

      Now here's the ironic twist. The damage done by subprime will probably force RJF into a takeover. The industry will lose many players and a massive consolidation will occur. Unfortunately I don't see anyone paying a huge premium at this time.

      The hot capital is not there, they are in an 'undesirable' space and the industry sucks hence a buyout will lowball shareholders.

 
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