take a deep breath...
FRB is the same bank it was two weeks ago but with $30 bln more in deposits
there is no material evidence that it is dire straits
there is no material evidence of malfeasance
there is no material evidence of a run on the bank
the P/E for FRB is now UNDER 2
re-read that...UNDER 2
you either believe FRB's collapse is IMMINENT (and if so, what is the evidence?)...or this is the strongest insane buy signal I have seen in years
the stock is trading for $16 and most analysts still have a price target of over $120
this is literally a panic selling mania that seems to have no basis in evidence at all, its crazy
even NYT commenters are pointing out...there's nothing wrong with First Republic
FRB is the same bank it was two weeks ago but with $30 bln more in deposits
there is no material evidence that it is dire straits
there is no material evidence of malfeasance
there is no material evidence of a run on the bank
the P/E for FRB is now UNDER 2
re-read that...UNDER 2
you either believe FRB's collapse is IMMINENT (and if so, what is the evidence?)...or this is the strongest insane buy signal I have seen in years
the stock is trading for $16 and most analysts still have a price target of over $120
this is literally a panic selling mania that seems to have no basis in evidence at all, its crazy
even NYT commenters are pointing out...there's nothing wrong with First Republic