To post that the knuckleheads are here hired by hedge funds is another urban myth. Come on use your head. Or the other silly notion that some short hedge fund pays posters. These are both false and utterly wrong. Come on man, get smart. That is BS.
Some of the longs here keep pumping how great this bank is...we all know the posts, but strangely the PPS keeps falling. There comes a point...most likely when the stock reaches another new 52 week low, where the bubble is burst and the longs have to admit defeat.. So true believers tell me why this bank stock's share price keeps drifting toward a abyss and why any day day the investors are on a rocket ship to riches. Waiting..
QE is different between the EU and the US banks. The EU banks are fine, the financial conservatives now make the EU banks carry a ton of money they can't use---thank you Germany. The banks have to have money to lend to make money, that is what a ...duh...bank does. Personally I can't wait for the Euro to fall below par with the dollar. They I can go to Paris and not eat like a poor man.
Sorry longs, but the clumsy nay sayers folks have been right. Some of you have had this "We hit bottom and the PPS is now on a rocket ship to the stars." Wrong. We are going to test new lows. The rocket ship to the stars has not lifted off.
Borrowing is never good butt is only a minor setback. Then again it depends what rate they borrow at.
They MIGHT issue new shares, but they already have a zillion in the float. Nationalization? They already controlled by the government. What advantage is nationalization? Nationalization means no bond market and the government pays everything about the company. Plus Brazil is not socialist and to nationalized the company would be some serious S&*).
"thanks for the shares" are the dying words of the folks who lose money on PBR. So you think this is a bottom? Wrong. You are close but pulled the trigger too soon.
She IS rated on the stock's performance...period. I like her but if the PPS falls to new lows---and it very well might---her head will be called for. Too many longs here are like Rebecca of Sunnybrook Farm---obscure movie agreed---and do not acknowledge the real problems this bank has. For all the positive things you longs bring up the PPS keeps falling. The crummy dividend is a cruel hoax on investors. Dilution keeps marching onward and this bank still has bad loans, plus Spain is not out of the woods yet economically----though the trees are farther apart. SAN is a buy...but not soon.
Econ 101. Supply is king. Too much supply and the price goes down. This economic law applies to PBR whether you like it or not. No amount of hedges will work forever.Domestic Brazilian consumption will not make up the difference. If until demand increases A LOT or the Saudis start cutting production the price of crude goes down to funkytown
Not billions and billions. Way too much. The man could not launder those amounts. He is not a professional criminals, only an opportunity criminal. It will be big hit when the report comes out. Quote me on that one. New lows in a month and the PPS running sideways down.
Nationalization is pretty cool in Saudi Arabia and other Arab states. It works in Mexico too.
As a conservative you are brain dead except but your myopic view of the world outside the USA. Conservatives just don;t travel much and as such makes them ignorant of the world. Let's remember that the NATIONAL government saved the USA in 2008 from a depression. Have it the conservative way and we would have lost the auto industry, the banks, the housing market and God knows what else. Ain't capitalism great when it is let to its own devices. Unfettered capitalism bring greed and destruction. People who worship money self destruct.