If there are no more unpleasant revelations, the bottom may have been yesterday when the price got down to just a bit above tangible book value.

If there are more problems, the bottom is a ways off.

Just curious, your employer doesn't consider it a conflict of interest for you to purchase stock in another bank? Years ago when I worked for a bank, if we bought or owned stock in a direct competitor we had to fill out a form disclosing that fact. And sometimes the person was told it was a no-no and he should sell, especially if the person was in senior management.

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Posted by C

Houston

Member since Dec 2007

27838 posts

Posted on 5/15/12 at 10:22 am to LSURussian

quote:
especially if the person was in senior management.

:insert comment about THF being a teller:

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Posted by TheHiddenFlask

The Welsh red light district

Member since Jul 2008

18384 posts

Posted on 5/15/12 at 10:30 am to LSURussian

quote:
Just curious, your employer doesn't consider it a conflict of interest for you to purchase stock in another bank? Years ago when I worked for a bank, if we bought or owned stock in a direct competitor we had to fill out a form disclosing that fact. And sometimes the person was told it was a no-no and he should sell, especially if the person was in senior management.

They have never told me anything about it. I don't currently have to disclose any of my trades to my bank, but that may be changing soon (hopeuflly). Even then, it would just be for SEC compliance.

My bank is really laid back about all things related to the stock market. They give a 15% discount on complany stock purchased with up to 15% of my paycheck and there is no lockup period. I buy the max amount every month and turn right around and sell it.

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