For every buy there is a sell, that is how the market works. If you do not have sellers the mm have to find a price where sellers come in which in FBC case is a higher price today.., that is what mm's do.
I do understand why some here are upset that FBC is succeeding either because they are short the stock or they sold low because they do not do research on fundamentals and turnarounds. From my experience it is better to take the chance and wait then not. Will they all succeed..., NO and that is the risk. But when I sell I don't look back and complain if I have regrets as there are many stocks out there to invest in. So for you that have regrets that you didn't stay with FBC, just look at it as a life experience and with FBC you just may have time for another triple from here, if they continue to deliver strong results as they did today. The analysts had them at 37 cents and they nearly doubled that and further increased their book value. IMHO this is just inning number two for FBC. I am just surprised they are not higher today like $22. We will see what happens the last hour today when the smart money comes in.
91%. WOW! only 9% and if one takes out the meager holdings of management of 1% that leaves only 8% out there. With the recent two Q's reports of profits I can not understand why anyone would sell this bank. So So much room to go higher when buyers look for shares and increase the bid.
Actually I held through the reverse split, as my DD (time well spent) proved the data correctly. Average price after split $8.20. With FBC making $1.11 so far this year I do expect you will see more profitable quarters coming. This stock is cheap, cheap, cheap. I would not be too surprised if sometime in 2016 or 2017 if we see a dividend added. The bank is on the right track IMHO and because of the reverse split the pps should move higher faster because of supply and demand of shares. As the word gets out more with each quarter we will see a stronger presence of institutional investors sucking up shares. It looks like there is only a 5% short position out there right now but we should see them cover. If this happens we could get to $24 sometime next week. ALL JMHO.
Yep and the train has just left the station. Not sure what the short position is but shorts would be well advised to cover. IMHO FBC is worth north of $50 in a year.
I think the Dark Pool has this one in their cross hairs. It should be up today yet it is down, smells like a Dark Pool play going on.
plus 43 cents..., $1.11 in half a year. The stock trades below book value. What is wrong with this picture. If FBC were to trade at 2.5X book value we'd be north of $50 per share. We should be up big today.
I find this pricing of the stock after the eye trial failure way over done. One has to know that the biggest trial is the diabetes drug. One should be looking into the Baker brothers if they shorted the shares then sold long positions for the short gain. Not saying they did this but just curious all the same.
do you own the stock? If so are you getting the dividend? If so then you too are making money while you wait for the market to reverse its trend.
and the only profit made so far is 19 cents per share. That makes logical sense? Well I could be wrong but I will stay away from Amazon. But may be before the next earnings report they can pump up the share of the stock like apple did, before the band news comes out.
Well they do have incentive to have a higher pps considering their stock options. RSO is stronger on the commercial loan side than most mreit's thus another reason why RSO has greater potential for a better return.
lenyw, if you do not like the compensation then don't buy the stock, it Is that simple. There are many more stocks out there find one that you agree on compensation and be happy with it. Life is too short and there are thousands of publicly traded companies that would meet your criteria.
For me it is about performance and there are times the pps is more market driven than management driven..., that is IMHO where we are currently with RSO. IMHO I do not think RSO managers are over paid and any gains we have get is from THEIR work not anything we do other than buy the stock because we believe in the team working on our behalf.
That is a good point..., it has been a bit more than a year I believe. It would be nice to see them buy shares and to that point with the pps at half the NAV it would be a great time for them to have a strong buy back program as it would benefit any short comings in the earnings if that were to occur. Anytime a company can buy back shares at 50 cents on the dollar they should. Where else can you get that type of return. This would be a great question for the conference call.
Their too busy buying Amazon. Amazon made 19 cents..., is that worth a 75 dollar increase in the pps today? But the media keeps pumping Amazon...., IMHO it will not end well in time. JMHO. Buy low sell high..., pigs get slaughtered, time will tell on Amazon but for RSO it could be the time to buy low. But that is the risk and reward of uncertainty which I am willing to take with a small percentage of cash.
Look at the logic here. Is the company going belly up? No.
Is the company still collecting interest payments from their investments? Yes
Has the industry as a whole dropped because to the FED actions coming? Yes
Is the stock over sold? IMHO absolutely! because the stock's assets are trading at 50 cents on the dollar. That would mean that the market believes that the assets are worth half the NAV currently calculated...., really????? I doubt it.
However, the fear is still there that the dividend could go down again to .48. But remember they have to pay out 90% of gains. If the company has taken or is taking action to address the rising rate environment we will enter in September by going to more shorter variable rate loan's then they have the ability to adjust. IMHO I believe they have. Besides the rate increases will be small and slow as long as inflation stay's in check. It is all about the spread and we will know soon (earnings report) the update on that. Also rates have raised on there own without the FED so we will get a pretty good handle as to where RSO could be going. That said keep in mind that any new loans will have the higher rates and narrow the spread difference compared to older loans. The key to the higher rates is the speed at which they move and how fast inflation causes that move. Currently the thought is rates will rise slowly by the FED. Could RSO have a bad Q, may be but I do not think it will be as bad as the market's reaction recently to its pps. I expect we may even see a pop at earnings time, that is my bet anyway. ALL JMHO.
Each quarter the assets are calculated to the Book Value thus the Book Value changes with each reporting. The real question is how management or what management did to redefine the numbers in a valuation. So the lawyers will be watching this one closely to see how much damage is done to the common holders and then you will see a flood of legal actions if the company were to decide to cancel the common and throw them under the buss. It would not be a smart thing to do by the company. It would be better for them to give the current common new common shares but not to make them whole as common holders are just a trading group and not really any value to the company after an IPO or secondary. It is all about the Bond holders and preferred. So I expect to see the company to throw a bone to the current common of at the most a nickel to the dollar in the end to head off the legal issues.
This drug that did not make its end point was not worth the amount of market cap it is down. The sell sell sell is way way way oversold. The more important drug is the diabetes drug in trials now or phases if you will. Short term IMHO you can make money when there is a blood bath as we see today. Longer term Xoma with the diabetes drug could be explosive if it makes its end points. ALL JMHO.
No fraud, this is just normal. Keep in mind there are three phases and then final results and more times than not drugs don't work or at best work a little. it is a tough industry. However if they can succeed then billions can be made..., risk and reward or crash and burn..., it is the industry we invest in knowing the risk. JMHO. We may not like the loss but then again we wouldn't be complaining if it succeeded. This time it did not succeed, just the way it is in this industry. Most likely we will end the day in the two's but will lose half the value at the close yesterday.