RE:RE:RE:RE:RE:RE:RE:Horrible Horrible CompanyTodayonly wrote: nope, not shorting and not long, I have no position. I just have a lot of exposure to this industry.... and I don't like to see good people being mislead by these corporate stories.
Sorry but I don't buy it. You've been a member since May 31st. You immediately post a negative on LB. You have a total of 13 posts, all negative on LB and many of those posts are nothing but emotional rants not backed up by the facts.
You claim there will be a dividend cut at the end of F'18. You base this on nothing. They continue to improve their bottom line and continue to state that they plan on increasing the dividend for the next couple of years. There is nothing to even remotely suggest they are struggling financially. The loans in question, based on the news releases, are all performing normally. You can speculate that those releases are lies but if that is what they are doing then they are playing an extremely dangerous game considering the number of lawsuits that would bring about. So logic says those releases are accurate. If there was a change in performance then they would be forced to state so to stay out of the legal jungle.
All in all your history of posts leans towards someone shorting. There is no doubt the side of the fence I'm on, but in case there is, I'm long, and for good reasons. There is nothing I've seen that leads me to believe this bank is heading down, other than a short term concerted effort by shorts to force it down. We will know in a couple of weeks how the bottom line for LB is working out.
Cheers.