Providian Financial Corporation (NYSE: PVN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dale Baker who wrote (145)	11/15/2001 11:50:26 PM
From: CoffeePot	Read Replies (1) of 167

Nobody knows how high loan losses will go, some are saying 14-15% others 20%+......I believe the company announced that loan losses could approach 20% next year. Just a quick look at their balance sheet shows thay have about 14.5bb in loans receivable and 1.5bb set aside for loan losses so if losses do approach 20% PVN is in serious trouble. I dont know the specifics of the amount of equity they're required to have on hand to meet gov. regulations so I dont know how much of their cash they'd be able to use.....does anyone know how well capitalized this pig has to be?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next