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ClamChowder85 t1_je9wfhk wrote

Threw chicken bones on the ground. They say you will be wealthy on monday!

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Christianman01 t1_jeai0al wrote

Reject magic, embrace CHRIST.

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XMk-Ultra679 t1_jeamcy4 wrote

Sees banks on fire literally. Yolos into it anyways. img

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Mooncow027 t1_je9wn07 wrote

I'm confident that you made a good decision. They seem to have a satisfactory amount of cash on hand to help. Granted, I have only 10% of your capital invested but it's a Yolo for me as well.

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xkulp8 t1_jeaa56a wrote

Ummm, stonk's in the 13 handle now

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Wasingtheisofwas OP t1_jeaf2ob wrote

Longer term play than 1 day

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DDnHODL t1_jearf2g wrote

What’s ur timeline for holding this stock my friend ?

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JoshuaByer t1_jea24hb wrote

I'm got in at 12.50 and am still a bit bored with how it's going. Best of luck though.

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Either_Egg7138 t1_jea8o1h wrote

Whats your thesis OP?

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Wasingtheisofwas OP t1_jeafn7h wrote

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

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Either_Egg7138 t1_jeaju64 wrote

So it is an investment strategy for next 6 months-2years? I thought that you might have some info that this might go up tomorrow or next week

4

TarikGame t1_jebcesp wrote

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

1

SuperAppleLover t1_jeaxhab wrote

Let’s say I had my money in FRC. I pull out and put it into Wells Fargo or Chase where it’s safer. Why would I withdraw and put it back into FRC?

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Zaros262 t1_jeazocd wrote

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

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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?

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Chrono400 t1_jebvw20 wrote

You mean the earnings before the bank run?!

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No-Introduction-6368 t1_jebl1b9 wrote

I would've say Wells Fargo any safer. Long history of screwing over their clients.

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SuperAppleLover t1_jebvnxb wrote

Sure but daddy government won’t ever let Wells Fargo die. Do not have to worry about a bank run.

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No-Introduction-6368 t1_jecwdm0 wrote

Haha someone just posted Mitch McConnell's Well Fargo holding on another post. Your comment is legit!

2

SuperAppleLover t1_jee233x wrote

Man I hate politicians and them owning stocks. Politicians should not be able to have stocks with capped pay of $100,000 a year and an age limit.

2

DaNatrixx t1_jeb9a80 wrote

I dont trust current earnings. Not until next report and they give FPE. If 2x FPE. Run with it

1

LongUntilWSBShowsUp t1_jeb62ic wrote

“Yolo” tag. Picture of shares. img

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Otherwise-Tale9671 t1_jeb8vt3 wrote

What is the obsession with a dying bank?

2

InevitableRadio562 t1_jed2ka7 wrote

Jesus Christ died, then he resuscitated. You know where he went? To heaven. You know where heaven is? The sky. You know what else is in the sky? The moon!!! FRC let’s gooooooooo 🚀🚀🚀

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abelabb t1_jedffx5 wrote

Getting advice here on stocks is almost like getting advice on YouTube to buy Scottish land to become a Laird, also too many English teachers who criticize spelling and grammar!

Almost like the housing bubble claims that was about to hit in 2019, oops maybe in 2020, oops maybe in 2021. Oops they meant in 2022, Oops just wait the housing bubble will come in 2023.

It must be true people on this sub and YouTubers who are in theirs late 20’s and 30’s said so.

It’s so funny I’m not sure anyone of them even remember 2008 outside of the breast milk still fresh on their lips.

2

VisualMod t1_je9udk0 wrote

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Total Submissions 1 First Seen In WSB 2 years ago
Total Comments 10 Previous Best DD
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1

Htowntillidrownx t1_jeb581d wrote

Sold my entire portion yesterday….. got 20% since the low. Would be very careful here OP.

The treasuries that they have to sell to stabilize their balance sheet to either attract a buyer or to position themselves to remain independent have lost a significant amount bc as rates rise bond prices fall. And then secondly because almost 40% of assets on their balance sheets are Commercial Real Estate mortgages. Which again have been hurt by the rising rates which puts pressure on real estate prices but also due to the fact that a huge amount of those mortgages were signed before WFH became wide spread. I think demand for commercial office space has been crushed over the last 3 years but bc mortgages aren’t 30 day bonds we haven’t seen that demand reflected in prices yet

1

FahQBuddy t1_jeb68qs wrote

40% is false, read their most recent 8k to get more information on their highest concentrations

2

Unknownirish t1_jebnhoh wrote

Stop loss? Pfft amateur. OP zero or no karma for you.

1

fungamereviewsyt t1_jec0jpo wrote

Excitement to see this swiftly become -99% so you can be one of us

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1600hazenstreet t1_jec4vi5 wrote

You‘ll need more than a few prayers, bud. img

1

[deleted] t1_jecqelo wrote

If you put your money in sivbq few days ago that will be fking richimg

1

htran1987 t1_jed57hy wrote

No, why would I pray for someone who do something god forbid aka gambling? 😂🥴

0