BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Profiting from the 150 banks that will fail next?]]>http://www.bloggingstocks.com/2008/07/14/profiting-from-the-150-banks-that-will-fail-next/http://www.bloggingstocks.com/2008/07/14/profiting-from-the-150-banks-that-will-fail-next/http://www.bloggingstocks.com/2008/07/14/profiting-from-the-150-banks-that-will-fail-next/#commentsFiled under: ,

Last week, the FDIC oversaw the second biggest bank failure in U.S. history -- $32 billion IndyMac Bancorp (NYSE: IMB). I thought more would be on the way and this morning's New York Times estimates that 150 of the 7,500 U.S. banks will fail in the next 12 to 18 months. The FDIC only has $53 billion in its fund to cover bank failures so it is going to be needing much more cash, which it may get from raising insurance rates. No doubt those of us with bank accounts will pay the price.

For those looking to profit from this failure, it's time to get a hold of the FDIC's problem bank list and start estimating the ones that are most likely to get taken over. Here are some hints: look at their mortgages as a percent of total loans, their cash flow, when they have to pay back their debt, and the increase in the rate of their bad loans. The Times mentions two that are probably already on the radar of short sellers:

Continue reading Profiting from the 150 banks that will fail next?

Profiting from the 150 banks that will fail next? originally appeared on BloggingStocks on Mon, 14 Jul 2008 12:37:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bankunited financialBankunitedFinancialbkunadowney financialDowneyFinancialdslimbindymacMon, 14 Jul 2008 12:37:00 EST<![CDATA[Analyst upgrades: NCC, BRLC and MHS]]>http://www.bloggingstocks.com/2008/04/22/analyst-upgrades-ncc-brlc-and-mhs/http://www.bloggingstocks.com/2008/04/22/analyst-upgrades-ncc-brlc-and-mhs/http://www.bloggingstocks.com/2008/04/22/analyst-upgrades-ncc-brlc-and-mhs/#commentsFiled under: ,

MOST NOTEWORTHY: National City, Syntax Brillian and Medco Health were today's noteworthy upgrades:
  • Deutsche Bank upgraded shares of National City (NYSE: NCC) to Buy from Sell on valuation as they believe their $9.00 target is in-line with the company's franchise value.
  • Baird upgraded Syntax Brillian (NASDAQ: BRLC) to Outperform from Neutral based on recently announced strategic initiatives and valuation.
  • Jefferies upgraded shares of Medco Health (NYSE: MHS) to Buy from Hold as they believe the company's renewed PBM contract with United Healthcare (NYSE: UNH) removes a major overhang.
OTHER UPGRADES:
  • Friedman Billings raised Downey Financial (NYSE: DSL) to Market Perform from Underperform.
  • Volterra (VNASDAQ: LTR) was raised to Buy from Neutral at Piper.
  • Alliance Data (NYSE: ADS) was raised at JP Morgan to Overweight from Neutral.

Analyst upgrades: NCC, BRLC and MHS originally appeared on BloggingStocks on Tue, 22 Apr 2008 11:22:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>adsalliance dataAllianceDataanalystbrlcdowney financialDowneyFinancialdslmedcomhsnational cityNationalCitynccsyntax brillianSyntaxBrillianunhunited healthcareUnitedHealthcareupgradevltrvolterraTue, 22 Apr 2008 11:22:00 EST