Even God can't protect his bank from the current mess.



Edited 1 time(s). Last edit at 03/13/2023 04:49PM by gemini.

(lazy me/ us)

What is the big picture here, Gemini?

How are earnings (‘net income) doing? Any buy-backs or continuing stock sales or any dilutions?

What’s up ??



Edited 1 time(s). Last edit at 03/13/2023 05:19PM by GNPE.

It's sacred and secret.

This too will pass.

Bank stocks in general took a big hit - particularly regional banks

https://apnews.com/article/svb-bank-failure-financial-markets-773b1e19fbbe41dc840fda43936573fa

https://www.bankrate.com/investing/bank-stocks-and-etfs-bank-collapse/

Their stock dropped 26% today. It's a good buy right now. LDS Inc will float them plenty of $$$$ to recover. I hate them, but I bought 5K today.

That was a good move. Impulse selling is always an opportunity to buy. Especially if the company has a solid earnings history and reasonably functional management.

HH =)

Good buy, its now up 14% from the low. Nice dividend also

Not having a penny in "the market" is a comfortable feeling.

I've been in the market for a long time. Back when I was TBM I had a bit of ZION stock. When I got out of the church I sold my position. This was way back when they still issued certificates. Well, I sent in my certificate, and somehow they sold all but one share. Rather than spending the time and effort to figure it out, I just let it ride. I'm still getting a share's worth of dividends, now $0.41/share. It goes directly into my bank now, but until only a few years ago they'd send me a check. So back in 2009 when the cut the dividend from $0.43 to $0.01, I'd get quarterly checks for $0.01.

So unlike many of us you have a steady income!

OK, this is completely off topic, but the other day I was looking for more info on the Kirtland Bank "boxes of sand with some silver dollars on top" and read the FAIR explainations that try to debunk it, but realized that witnesses could have been using a *metaphor* -- that the church bank was merely fake boxes of sand with money on top to make it look legit--I mean, that's what a TBM apologist would do when trying to explain an impossibility: "Oh, it's just a metaphor!"

What goes up eventually comes down. All boats fall when the tide goes out.

Tides are cyclical. Just like financial markets.

Still no soup.