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regicide
Joined: 01 Sep 2006
Location: United States
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 Posted: Mon Jul 28, 2008 5:11 pm Post subject: Fifth Third Bank Short Interest rises 21 percent |
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Short interest rose almost 21 percent in shares of the large U.S. Midwest bank. The company posted a second-quarter loss this week, due to rising charges related to the tax treatment of leveraged leases and higher credit costs. About 46.3 million of the company's shares were held short,or about 9 percent of its total shares outstanding.
I guess that is why they need to implement new fee generating policies. |
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seoulteacher
Joined: 18 Nov 2005
Location: Seoul
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| Posted: Tue Jul 29, 2008 12:52 pm Post subject: Re: Fifth Third Bank Short Interest rises 21 percent |
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| regicide wrote: |
| Short interest ..the tax treatment of leveraged leases and higher credit costs...shares were held short... |
Regicide, kindly elucidate. It all sounds very impressive and knowledgeable, but most of us readers here are ESL oriented, and are not quite that literate in finance. Thanks. |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Tue Jul 29, 2008 1:49 pm Post subject: |
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| It looks like regi has found a new hobby to go with his JFK one. This is the 4th one of these on the front page. |
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regicide
Joined: 01 Sep 2006
Location: United States
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| Posted: Tue Jul 29, 2008 4:13 pm Post subject: Re: Fifth Third Bank Short Interest rises 21 percent |
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| regicide wrote: |
Short interest rose almost 21 percent in shares of the large U.S. Midwest bank. The company posted a second-quarter loss this week, due to rising charges related to the tax treatment of leveraged leases and higher credit costs. About 46.3 million of the company's shares were held short,or about 9 percent of its total shares outstanding.
I guess that is why they need to implement new fee generating policies. |
Why the company is losing money is one thing , and very complicated I agree, but what is important is the number of investors betting against this company by shorting it's shares.
When you "short" a company, you sell shares of a company that you do not own, in anticipation of that company's stock going down, thus earning you a profit by the company's misfortune.
You close the transaction by buying the shares and returning them to the person you sold them to, hopefully at a lower price.
That is how you profit from shorting a stock.
Simply put , this means that most investors are bearish on this company.
Why is this important here? I think a lot of ESL ers are in the market and many are very savy. And we all have money to invest and need to grow a portfolio for our needs in the future.
Personally, I was a licensed stockbroker in another life, way back when.
Writing about this helps me get my financial chops back. |
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seoulteacher
Joined: 18 Nov 2005
Location: Seoul
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| Posted: Tue Jul 29, 2008 5:42 pm Post subject: Re: Fifth Third Bank Short Interest rises 21 percent |
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| regicide wrote: |
Why is this important here? I think a lot of ESL ers are in the market and many are very savy. And we all have money to invest and need to grow a portfolio for our needs in the future.
Personally, I was a licensed stockbroker in another life, way back when.
Writing about this helps me get my financial chops back. |
Kamsahamida, Regicide: well said, the jargon explained!
And if I were close at hand, I'd invite you to a meal and ask for some basic investment pointers, incldg on how to get into the market, either in ROK or internationally (ie. incldg our home countries, wherever that is for each of us ESL expats). I recently chatted with another ESLer still in Seoul who plays the market there and apparently does well at it.
I'm sure that you would find many takers for intro and follow up investment courses that you'd care to offer in ROK - have you considered that? Could be a lucrative line of work. |
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