Western Alliance Bancorp (NYSE:WAL)

CAPS Rating: 4 out of 5

Provides banking and related services to locally owned businesses, professional firms, real estate developers, investors, local non-profit organizations, individuals and other consumers through its subsidiary banks and financial services companies.

Recs

2
Player Avatar mandrake66 (43.29) Submitted: 6/17/2008 4:59:51 PM : Underperform Start Price: $8.87 WAL Score: +9.47

http://www.fool.com/news/associated-press/2008/06/17/banking-turnaround-likely-in-09-goldman.aspx

"Among 21 banks it covers in the space, Goldman Sachs, on average, cut 2008 estimates by 9 percent, 2009 estimates by 4 percent and 2010 estimates by 2 percent to account for greater credit losses...Western Alliance Bancorp's 2009 and 2010 estimates were reduced the most. The 2009 estimate was cut 17 percent to $1 per share, while the 2010 estimate was lowered 14 percent to $1.25 per share."

Member Avatar RRobertsmith (55.73) Submitted: 1/11/2011 11:40:48 AM
Recs: 0

Just waiting for the shadow inventory to kick in...this is still trending up, the short interest is 14-15 days of trading ...and keeps growing. Short 200-300 share at break outs on the monthly highs.

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