All they have to do is lose 6 million and their shareholder equity will ne NEGATIVE and they'll be INSOLVENT. They lost 13 million last quarter and 29 million the quarter before. I will not be wrong this time and with any luck they'll report a larger loss then last quarter and the stock will plummet.
Amazing they will have lost over 2 billion in equity in just a few years.
PS: IBM missed badly tonight, So tomorrow should be a real bad day, Unless you've been buying FAZ. of course.
Probably, I am short the S&P using FAZ and I've been buying more all week. When the Cypress run on the banks starts watch out. Bloomberg TV was saying that Russia is going to suck their money out the first chance they get. I hope your all hedged for the drop that's coming. Even though the US economy and housing look healthy, contagion is about to hit Europe when Cypress banks collapse. If you lived in Italy or Spoain would you leave your money in the bank?