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Non-Tech : Providian Financial Corporation (NYSE: PVN)

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To: geoffrey Wren who wrote (126)11/6/2001 10:51:37 PM
From: grinder965   of 167
 
geoffrey,

<How can one value PVN?>

You can't really. Not without being an insider who knows what's really going down. You either believe, as I do, that the institutional holders and funds got carried away and were assisted with manipulation by the specialists and/or hedge fund(s) or they're going under. I really don't believe there's any middle ground here as the price was pushed much much lower then the fundamentals would warrant...even in an oversold condition.

So I guess it really requires "Blind Faith" to go long on this one right now. Imo it's a gamble pure and simple.

In terms of fundamental valuation you may want to compare it to its peers.....companies like COF or KRB.
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