Viewing a single comment thread. View all comments

Zaros262 t1_jeazocd wrote

Reply to comment by SuperAppleLover in My first YOLO. Pray for me. by Wasingtheisofwas

I don’t have the skills to write a DD. Basically, it’s now trading at less than 2X earnings. If they can recover from the bank runs and come out solvent on the other side, I truly believe that this stock will recover over the next 6 months-2 years. There’s a possibility of a 10x return on the outside and a 3-4X return doesn’t seem crazy either.

Also, we really want to build an expansion on our house. If this 5Xs that gets us halfway there in our budget

6

SuperAppleLover t1_jeb0jl3 wrote

That was my point in the comment. Earnings will not be the same where it was before because everyone took their cash out. Plus with higher rates, they cannot maintain their previous earnings. How will it recover when most of the people pulled their money out into bigger banks. There’s no incentive for them to return. Example, let’s say you withdrew $5 million out of FRC. Why would you put $1.00 back into FRC?

3

Chrono400 t1_jebvw20 wrote

You mean the earnings before the bank run?!

2