I am just thinking of the idea of leveling the property. So now you have all this space. If an enclosed shopping center does not work, why keep it? Level the thing, and put up quick and cheep thrill rides? We already got the parking lot. *Ooooh op op op!* Paved paradise!
Today, would you invest in a bank or wait 2 years to buy cheap property from that bank??
- Thread starter Cabin111
- Start date
I am just thinking of the idea of leveling the property. So now you have all this space. If an enclosed shopping center does not work, why keep it? Level the thing, and put up quick and cheep thrill rides? We already got the parking lot. *Ooooh op op op!* Paved paradise!
I got to say this is so true
I love going to six flags but dread the distance and lines
with each day life is like that as is the market, its not possible to guess what tomorrow will bring.
like my post on FAS +15.19% today's close (would have been a good day trader), of course the financials as well as the Banks could have gone down. Comparing WFC, BAC, Zion to XLF, it was up 5.13%
as for a single Bank pick, it would be Citigroup Inc (C)
my guess is sometime this week even as early as tomorrow the markets will do what they always do... fluctuate, pull back, waffle- not knowing when to jump in or bail out.
Good luck @Cabin111
don't waste your time with fake news .
kindly explain that as it relates to something on your mind specific?
There are numerous banks that are great investments in these corrective phases and some remain quite cheap at this time ( may go cheaper again which makes them a long term steal ). It is amazing how many people go to sleep in times of strife and refuse to buy quality blue chip stocks when they are on sale in some cases paying 6-7% yields.
Name a few.
That's not a shot, I'm just all ears.
Zion Bank (ZION)...It had a dividend over 6% on Friday...But it went up big today. I like their locations...
$30.24 +3.22 (+11.92%)
PE Ratio (TTM) 9.44
EPS (TTM) 3.20
Earnings Date Oct 21, 2019 - Oct 25, 2019
Forward Dividend & Yield 1.36 (5.03%)
Ex-Dividend Date May 07, 2020
Umpqua Holdings Corporation (UMPQ)
Don't know if they will hold their dividend...They closed (consolidated) many locations. Lean and mean!!
$10.50+0.96 (+10.06%)
PE Ratio (TTM) 9.28
EPS (TTM) 1.13
Earnings Date Jul 15, 2020 - Jul 20, 2020
Forward Dividend & Yield 0.84 (8.71%)
Ex-Dividend Date Mar 30, 2020
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A two minute read concerning landlords and restaurants/bars in California...
A new California law could allow businesses — especially independent restaurants, bars, and cafes — more easily get out of their leases, providing relief to restaurant owners weighed down by the loss of sales amid the coronavirus pandemic.
California State Bill 939 comes from state senators Scott Wiener (who also championed the 4 a.m. bar closure bill) and Lena Gonzalez. Wiener, who summarized the bill on Twitter, said the measures are designed with restaurants and cafes affected by expected capacity reductions in mind.
Not only would the bill put in place a commercial eviction moratorium for businesses and non-profits, it “creates space for hospitality businesses to renegotiate rent where capacity has been slashed due to social distancing,” according to Wiener.
Under the bill, if landlords and tenants can’t agree on a new rent that takes into account decreased sales due to the stay-at-home orders, tenants would be able to single-handedly terminate the lease — allowing operators to avoid lawsuits or bankruptcy. (Nuking the lease would take the tenant off the hook for future rent payments, though back rent would still be owed.)
The bill excludes publicly traded companies from terminating leases, which means many larger chain restaurants, like Cheesecake Factory — which didn’t pay its April rent — wouldn’t be able to back out of their lease agreements. (As currently worded, privately owned chains, like In-N-Out, could potentially take advantage of the bill’s provisions.)
A new California law could allow businesses — especially independent restaurants, bars, and cafes — more easily get out of their leases, providing relief to restaurant owners weighed down by the loss of sales amid the coronavirus pandemic.
California State Bill 939 comes from state senators Scott Wiener (who also championed the 4 a.m. bar closure bill) and Lena Gonzalez. Wiener, who summarized the bill on Twitter, said the measures are designed with restaurants and cafes affected by expected capacity reductions in mind.
Not only would the bill put in place a commercial eviction moratorium for businesses and non-profits, it “creates space for hospitality businesses to renegotiate rent where capacity has been slashed due to social distancing,” according to Wiener.
Under the bill, if landlords and tenants can’t agree on a new rent that takes into account decreased sales due to the stay-at-home orders, tenants would be able to single-handedly terminate the lease — allowing operators to avoid lawsuits or bankruptcy. (Nuking the lease would take the tenant off the hook for future rent payments, though back rent would still be owed.)
The bill excludes publicly traded companies from terminating leases, which means many larger chain restaurants, like Cheesecake Factory — which didn’t pay its April rent — wouldn’t be able to back out of their lease agreements. (As currently worded, privately owned chains, like In-N-Out, could potentially take advantage of the bill’s provisions.)