Regional Bank HOLDRs (RKH)
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- General Discussion on RKH
- Lehman Brothers Take-over: Implications for Financials [view article]
- Tuesday Options Update: XLF, RKH, XLE, DIA, COF, TASR, GEOY [view article]
- On Ben Graham, Bank Stocks, Jason Zweig and Tom Brown [view article]
- Friday Options Update: ELN, BIIB, ANR, ORCL, MAR, A, IP, HBC, RKH [view article]
- 2 Schools of Thought on Buying Bank Stocks [view article]
- Most Heavily Shorted ETFs [view article]
- Jason Zweig on Graham and Bank Stocks: 'The Un-Intelligent Investor' [view article]
- A Regional Banking BEARISHares ETF Proposal [view article]
- Best and Worst Performing ETFs This Week [view article]
- Bank Failures Due To Spike? [view article]
- How Do You Spell a Short-Term Bottom in Financials? [view article]
- Value in Regional Bank Stocks? [view article]
loading ...Recent RKH Articles
- Lehman Brothers Take-over: Implications for Financials
- Tuesday Options Update: XLF, RKH, XLE, DIA, COF, TASR, GEOY
- ETFs In Greatest Demand: Financials, Healthcare/Biotech; India's Signs of Life
- Friday Options Update: ELN, BIIB, ANR, ORCL, MAR, A, IP, HBC, RKH
- 2 Schools of Thought on Buying Bank Stocks
- Most Heavily Shorted ETFs
- On Ben Graham, Bank Stocks, Jason Zweig and Tom Brown
- Jason Zweig on Graham and Bank Stocks: 'The Un-Intelligent Investor'
- Financial ETFs Trip Early, Then Dust Themselves Off
- A Regional Banking BEARISHares ETF Proposal
- Full List of Articles »
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Lehman Brothers Take-over: Implications for Financials [view article]
Did you read "Finance for Dummies" and think you could just post an article on SA? ReplyLehman Brothers Take-over: Implications for Financials [view article]
"but since these assets will be held to maturity, ACAS will get their money back."Wow. Unless they don't.
Reply
Lehman Brothers Take-over: Implications for Financials [view article]
Just fluff - no analysis, something a 5th grader would provide for a school report. ReplyLehman Brothers Take-over: Implications for Financials [view article]
CDO or any structured finance vehicle i.e. ABS-MBS price, is dictated by supply and demand, right now there is a glut in the market or oversupply of them due to uncertainty of how much toxic waste they contain, once those uncertainties clear up and the housing market recovers no doubt that the 0.22cents of a dollar will be 1.22 cents of a dollar. ReplyLehman Brothers Take-over: Implications for Financials [view article]
When MER sold some of its CBOs at 22 cents per dollar, with 75% financed by MER, one commentator, over CNBC, said that the effective rate is actually 5.5 cents on the dollar -- I share this view. ReplyLehman Brothers Take-over: Implications for Financials [view article]
So, forgetting the boring acronyms for a second, is it safe to short most of the companies you mention? Is that what you're saying? ReplyLehman Brothers Take-over: Implications for Financials [view article]
The so called "peer group" does not provide a meaningful comparison . Lehman has very little in common with monoline insurers, Business Development Companies, and regional banks that don't have significant off balance sheet exposure. Their asset mix (and risk exposure) is considerably different than that of investment banks like Lehman.The comparators should be limited to other investment banks and the large money center banks (such as BAC, RY, DB, TD, UBS.) Reply
Lehman Brothers Take-over: Implications for Financials [view article]
LFI = latest financial information? Agree with majority about difficulty of comparing apples and oranges and notions that no outsider (and very few insiders, if any) really knows the real values of the assets (i.e., book value). ReplyFeader
Lehman Brothers Take-over: Implications for Financials [view article]
The only thing I think the table shows is that the entire US financial system is mis-priced, not just Lehmans, but everything. Good luck. ReplyLehman Brothers Take-over: Implications for Financials [view article]
I don't know what LFI means either.I do know some helpful ratios and statistics like: book value, tangible book value, debt to equity, total debt to equity, return on assets, return on investment, gross margin, net margin, dividend yield, etc. They are all important to understand. All of this data must be taken into account...as well as the valuation of the underlying assets on the balance sheet and the liabilities before making an investment decision.
I am only familiar with ACAS and I do believe Malon Wilkes when he said that FAS157 has resulted in the decrease in asset values and that without a market for these assets they are hard to value but since these assets will be held to maturity, ACAS will get their money back.
I trust he is right. ACAS has a total debt to equity ratio of less than one and is selling for less than tangible book value ( ACAS has no goodwill or intangible assets on the balance sheet ).
Long ACAS, no other positions, no short selling at all ( I think short selling should be made illegal ). Reply
Lehman Brothers Take-over: Implications for Financials [view article]
All this points out is that anyone who puts money into these institutions might as well go to a casino .At least you know your gambling . ReplyLehman Brothers Take-over: Implications for Financials [view article]
I'm with Pokernut, putting a price on LEH is like trying to value a cloudy swamp--who the hell knows what lurks in those murky waters! IMO LEH is giving off the same panicked stench that Bear emitted before it went down. This may be one token lamb Bernanke and Paulson may be willing to allow to fail. ReplyLehman Brothers Take-over: Implications for Financials [view article]
Hey Benjamin,Maybe everyone else knows the difference between Book Value and Tangible Book Value and knows what LFI is, but I got my Harvard Business masters degree too long ago and would appreciate a little help. Thanks.
Reply
Lehman Brothers Take-over: Implications for Financials [view article]
Lehman is insolvent and bankrupt! They are facing $65-70 billion in future writedowns - and have a market cap of $10 billion! This buyout rumor was likely planted by those desperate to unload Lehman stock (using Dick Bove as a conduit). Of course, it will NOT be investigated by the SEC or any other US regulatory agency. When will the crooks go to jail? Hasn't the Street ripped the clueless investor for enough money already?Reply
Lehman Brothers Take-over: Implications for Financials [view article]
On ABK and MBI you are missing the point: adjusted book value is the proper metric.Extrapolating from one troubled investment bank to a variety of other types of financial institutions is an exercise in futility - apples to oranges.
Reply