Turnarund Investing 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.

Strategies & Market Trends : Turnarund Investing

NOVS 0.0666

-16.0%

Aug 1 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: bankbuyer	4/24/2012 9:34:02 PM
	1 Recommendation Read Replies (1) of 1876

They are not turnarounds just because the stock gets crushed RF is one of the most mediocre banks out there. Large in place BOD with a revolving door in the CFO slot and although a new CEO. he was hand picked by the failed Dowd Ritter. RF has massively diluted the share count. and it was badly needed capital however Ritter claimed TARP/CPP wasnt fair and they didnt need the funds initially. That could not have been more wrong. RF underwriting was terrible just like Novs. Now as some growth has returned to banking, RF still underperforms I view management at both as weak and just dont want to invest alongside them americanbanker.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next