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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (71784)	12/19/2022 5:32:48 PM
From: Paul Senior	Respond to of 78740

I add small to some of my downtrodden stocks: discount retailer BIG finance.yahoo.com coal producer METC finance.yahoo.com Nitrogen-based fertilizer company LXU finance.yahoo.com

To: Paul Senior who wrote (71784)	1/5/2023 8:48:54 AM
From: Madharry	Respond to of 78740

you were correct. looks like Silvergate hedging strategy was abysmal. the company reported a $700 million loss as they were forced to liquidate debt securities as their deposits dropped 68% this quarter. that is about 50% of book value. Makes you wonder how good a job bank examiners are doing when something like this can happen. I wonder what other banks will be reporting from holding debt securities at the end of this quarter.

To: Paul Senior who wrote (71784)	1/5/2023 12:09:13 PM
From: Madharry	Respond to of 78740

Listening to the conference call from Silvergate. They mismanaged their asset/liability structure and hedging strategy. Somehow this doesn't seems like rocket science to me. Seem incredible to me that they could have put themselves in a position that they would lose half of their capital from losing the bulk of their flighty deposit base. I think the logical conclusion of any reasonable BOD is that they should put themselves up for sale before their incompetent management does any more serious damage.