Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0

Another hit piece by Aurelius today. The folks who might respond to that have apparently exited long ago as the share price was down much less than the overall market and less than most large bank stocks. This is some kind of tell since the short's playbook is to have new short selling initiated to lend credibility to the attack. I would expect to see another SA article in the next few days to give the enlightened shorts some opportunity to cover before earnings. The overall softness in the market will provide them a better opportunity to cover than they

In the meantime, with the stock price a little over two times book value and with a trailing price earnings around 13, it will be very surprising if the short position will show much growth as of 12/31/15 when the next report comes out. As the March qtr should show phenomenal, accelerating growth, the days that the shorts reign supreme here are becoming quite short themselves.

Best regards,

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.