SNV was so mired in the mortgage collapse. Their recovery was slower than almost everyone else's.
But what seems to be the worst part of it all is they don't seem to have a new revenue generating focus they can point to and tell us that's how we are going to grow again.
I caught a break with SNV. I first bought it naively at $3.80. I am still holding my "remaining" shares, but my leverage is gone. I am up on my total investment because I averaged down A WHOLE LOT when shares were cheap in the $1.50's - $1.80's.
When SNV was in the $3.50's and ROX was in the 50¢ range, I moved money over to ROX and gained a lot of leverage.
I have a serious portfolio and FUN money in high risk stocks.
SNV falls into a new unknown category.
It's no fun, and I can't take it seriously.
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