Bank Runs! What's Going On? - Patrick Boyle

It's funny, I wrote this last weekend after I had hashed out what was going on with SVB, and what to look for on other balance sheets.

Look what all the buzz was about yesterday, even more today.
The heavy CRE on their balance sheets.

I wrote that because I have been seeing lots of vacant spaces in prime retail strip-centers. More so than usual. Ditto the really nice suburban professional buildings, lots of for-lease signs out front.

It's easy to be a Peter Lynch... you just have to pay attention to things.

vanzandt said:
The only fly in the ointment I could find, and again reading and understanding the intricacies of a bank's balance sheet is new to me... but... and I could be way off on this by calling it a "fly in the ointment"... but they seem to have a lot of exposure to commercial real-estate. I worry about that sector, but aside from a few rust-belt states, they are in good areas. So that's the only part I didn't like. From a T/A standpoint, just using the chart, I think worst case scenario would be they could hit $26.70 if the sell-off persists. But if it doesn't, and folks that know more than me aren't concerned with their CRE exposure, this one will bounce nicely.

FITB--> $30.34
More...
 
You must log in or register to reply here.
Back
Top