IRE should be going up. Also why would IRE go down on the day of reporting earnings? This bank should go up on this day.
Surely he has been through crisis before and knows not to sell when every little crisis occurs.
Pizza108, the only reason we didn't hit 22 today was because of Ukraine.
I am really looking forward to this with you guys. I have been waiting for this for 4 years with you guys with JFDavis, and Swampgarden.
I was here before Wilbur and Fairfax saved the bank.
Everything that has been happening for this bank has been going awesome!
Just ask yourself this question:
1) are banks greedy ?
Answer that question and you will know what to do with Genco. They don't want to loose a little money trying to sell Genco boats. They want it make a killing in interest payments over months and months and months.
They are greedy, like all the rest of us.
Banks want to get the monthly payments. They can make double or triple the worth of Genco boats.
1) if you can get your money back you borrowed to someone lets say for example $10,000 even with no interest. Maybe only $8000 back lets say, or
2) Get $30,000 back over the course of two or three years, which would you take?
$8000 or $30,000?
Its a no brainer for the banks.
Wait and you will pay more. Buy now and hold and great divi's will come. This is a stock that Bill Gates, Wilbur Ross, and Warren Buffet, they all like it. Invest like the billionares if you want to succeed.
why would you sell when in a year or two you would be getting $2-$3 per year per share in dividends. Can you find dividends that high some where else?