It's a bank, with
* attempts to dilute NPA% with growing asset TREMENDOUSLY in 2007 -2008
* dividend is 400% of earnings.
* operating in CA, FL, NV, AZ AND MI, yes the holy grail of blight Michigan!!!!.
* analyst can NOT provide positive commentary at best
* is rallying hard but nobody is watching.
* NPA is climbing rapidly in $ basis and adjusting for the less season (age) this is significantly worse than comparable books.
The stock is still rallying hard and I will post what I have as soon as stabilization hits. Maybe tomorrow after some #s from ADP, they usually like to taser the short, even more so than USA who actually loves the short.
The right enemy
5 years ago