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ONYX Pharmaceuticals, Inc. Message Board

riskmanct2001 8 posts  |  Last Activity: May 8, 2015 10:51 PM Member since: Aug 24, 2002
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  • Reply to

    Q1 Earnings

    by spidurman71 May 4, 2015 5:24 PM
    riskmanct2001 riskmanct2001 May 8, 2015 10:51 PM Flag

    I am no expert on lock ups, but it seems that fear and greed always rule. So when price goes up, most don't sell after lock up. But if this stays down, some may want to make sure they get cash as for employees ONDK probably their latest asset. Have not heard anything on credit, but I audited banks for a long time and rapid loan growth is a red flag. Seems they are not being conservative on loan loss provision but I want to see 10 Q disclosure before I get concerned

  • Reply to

    Q1 Earnings

    by spidurman71 May 4, 2015 5:24 PM
    riskmanct2001 riskmanct2001 May 8, 2015 4:24 PM Flag

    but small projected growth kills the stocks of new tech companies. They also may have some credit issues so read the 10Q carefully when it is published. Not sure, but lock up may be over in June. If so, expect some downward pressure as employees/ investors may sell given fears raised by this drop. If not, things may look good after early July

  • growth has been impressive and so is the net yield. But I am curious about the increase in "repeats" vs "new " originations and any possible effect on delinquencies. It seems if i were a borrower and in some trouble, I would renew or increase the loan just before the due date. And I hope the Company does not let any delinquent borrower renew a loan and then become "current"
    does anyone know the answer to this risk?

  • riskmanct2001 by riskmanct2001 Jan 16, 2015 3:15 PM Flag

    he is CEO of Genesis Energy company...any loans from TCBI to Genesis? worried about our exposure to energy companies , and possible layoffs in our market

  • Reply to

    Think the big banks are shorting this?

    by sirflopsalot Dec 19, 2014 3:32 PM
    riskmanct2001 riskmanct2001 Dec 20, 2014 6:35 PM Flag

    I don't yet have a position in ONDK but still reading S 1 .Based in my bank audit background it seems they have a ton of credit risk,and are compensated for most of it.My concern is whether they can maintain losses at10% or less if they grow significantly. If not then this is not a good play
    LC has limited credit risk and may have a lot more upside and less downside
    Good luck

  • riskmanct2001 by riskmanct2001 Dec 12, 2014 8:04 AM Flag

    HTH has done well for us, but I am getting concerned about exposure to energy loans. we have had a lot of growth here and I am hoping we are well protected. does legacy texas have much exposure to energy loans?

  • riskmanct2001 by riskmanct2001 Dec 12, 2014 8:01 AM Flag

    this bank has done well. do we have much exposure to energy loans? does the OABC deal increase our risk?

  • riskmanct2001 by riskmanct2001 Aug 29, 2014 10:59 AM Flag

    earnings are low and bank seems to be managed very conservatively . We are selling near book value with a great( low) leverage ratio. My time in bank M&A leads me to believe that we could easily get $50 or more . That price would be near 1.5 X book value( and tangible BV) , 9% of assets and less than a 4% deposit premium
    Not sure what Board thinks about best return to shareholders but I think we are very near an optimum time to sell this bank: high regulatory costs, several willing buyers, strong stock market

ONXX
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