Wednesday, November 30, 2016 3:44:35 PM
The answer is very simple, Joe. What three major firms are still in BK since 2008? And then, why has it taken so long for them to get out of it? Politics.
The first one, FnF, and you know well, think Google board and other places where you post. Those that played it right, rode to double figures and pocketed all that moolah. And today, it's over four bucks - up from a buck and change before Thanksgiving. What gives, eh? The new sheriff in town.
WAMU is the second and happenings and deals made in the past two years indicate to me that good things are coming. But if you are not in that, don't worry about it. Again, blame it on the new sheriff in town.
The last is Pappy. That's on the backburner for me, as too little info has been forthcoming from across the pond and in America. But no worries - the boatload awaits the reward when the time comes. Remember, there is a new sheriff in town.
There is a common theme here, Joe, and I'm sure you are smart enough to see it. Macro not micro.
In the meantime, have a few Sinatras and have a very Merry Christmas, Joe, to you and your family.
Roll Tide.
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