$4.43

0.51 (13.01%)

7/23/2008 4:00 PM

Corus Bankshares, Inc. (CORS)

CAPS Rating:

A bank holding company which provides consumer and corporate banking products and services through its wholly-owned banking subsidiary, Corus Bank, N.A.

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What the Community Thinks

Total Members

238 Outperforms

272 Underperforms

All-Stars

61 Outperforms

118 Underperforms

Wall Street

2 Outperforms

1 Underperforms

Members bullish on CORS are also bullish on:

Members bearish on CORS are also bearish on:

Ticker Tags

Small Cap (1922), Regional - Midwest Banks (64)
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Corus Bankshares, Inc. At A Glance

Current Price:	$4.43
Last Trade Time:	7/23/2008 4:00 PM
Open:	$0.00
Previous Close:	$3.92
Daily Range:	$3.89 - $4.49
52-Week Range:	$2.20 - $17.20
Volume:	1,007,026
Market Cap:	$217.17M
P/E Ratio:	2.61
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Stock Trends

CORS VS S&P 500 (SPY)

News & Discussion Boards

Other News Headlines for CORS

After IndyMac's failure, which bank could be next?
7/14/2008 4:46:00 PM - AP
S&P SmallCap 600 in Focus: SPTN BLG
5/15/2008 1:30:00 PM - AP
S&P SmallCap 600 in Focus: CPI posts sharpest gain
5/14/2008 12:44:00 PM - AP
Corus Bankshares Sets Quarterly Dividend
2/13/2008 2:00:00 PM - AP

More Headlines...

Top Bull Pitch

Recs

2 Corus Bankshares, Inc. (CORS)

Avatar ltgrowth123 (< 20) Submitted: 5/23/08 1:33 PM

ending the dividend is great start, has lot of risk, but lot of potential reward.

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Top Bear Pitch

Recs

11 Corus Bankshares, Inc. (CORS)

Avatar mandrake66 (99.51) Submitted: 5/23/08 2:47 PM

I consider this stock to be one of the more likely bankruptcies before the year is out. Small bank with large exposure to almost all of the toxic sectors of the real estate market. No Fed bailout for this dunghill. Flabbergastingly irresponsible management and business practices.

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Recs 3 (CORS) anchak (84.42) Submitted: 7/17/08 3:05 PM : Start Price: $3.56 CORS Score: -22.19 Since my score already gone to the gutter ......Here's on Corus 3rd time around ....and I may not be lucky. However, lets do the math from a CAPS perspective if CORS goes to $5 from here......I take -50 points......However 6 months down the road .............when it comes down $2-1.5...... Not only would I be positive , with every dip my Score would gallop. Here's my original pitch on CORS I am liking Corus more and more ......everybody is after Downey. I picked them on 5/16 - just had some 7 CAPS points. They have held well thru this - stock just down 10%. Some insider buying showing up. They have huge potential that way - they almost doubled their NPAs in 1 quarter from Dec 2007 to Mar 2008. They are touching double digits in NPA as % of assets - $500 MM in total ( +125 MM in TDRs - some of those will redefault also) Their portfolio is exclusively Construction and Condo - ($6 BN) and about $4 BN in Florida and California. LLR is about $87 MM.Their default hits are going to be much more severe. If NPAs top out around $900MM-$1BN: and 40-50% default rate with write-off around 60-70% : they are looking at $250-$300 MM in losses. Thats about 3x times their current LLR and 50% of capital. If they want to maintain their Capital ratios - they will need about $500MM at least. ORIGINAL PITCH ______________________ Whoa! I don't know where to start .....I am almost speechless. I was looking at them with piqued interest as to why a bank from Illinois with Low Leverage (1: 6) and only Level 1 exposure of $3 BN would be hit so hard by the street : <50% Book , only 3.7 times earnings. The only thing initially was that they already hold about 2% of assets as Loss reserves - was higher compared to some other regionals. THEN IT STARTS 10% in NPA....well , well , well Well just read the 10Q after that ..page after page of exposure to Construction, Land Development, : Condos They have 4.1 BN expsoure to Condos, mostly in Construction. I dont get it - their loan portfolio is about $5 BN!!!!!!! They have committments on the Condo market to do about $7 BN Exposure: $1.67 BN in Miami.....$1.2 BN in Souther California. Does this stop somewhere - ..as florida builder will say! Loss Reserves are about $100 MM....against NPAs of about $500 M... they are one of the very few banks who have show Troubled Restructured Debt ( This isnt necessarily bad....they are trying to work-it-out with the customer....) ...with them it could be a sign of desperation and buying time ....$125 MM. I think they have enough ammunition to eat away their $700MM equity, like a Sunday stroll, if they wanted. So go Corus with Chorus! Reply: anchak 6/20/08 12:35 PMReply \| Report this post I had a discourse with Michael(Everydayinvestor) on this one and looked a little carefully. Michael believes they are not a straightforward short. Simultaneously I was also looking at their 10Q disclosures and they are saying that a big portion of their NPAs are coming from 3 different relationships and they are working closely with them - I have to say its a double-edged sword here. They already have a $125 MM TDR( Non-performing Debt-Restructure) - I think 1 deal. So they are showing the ability to work things out - dont discount this - this is the only way to meander thru this quagmire. However, all said and done - concentrated exposure cuts both ways - as I said - if a few of their deals go the other way - there is enough trend here - their NPAs are in a steroidal growth mode - and thus if 1 or 2 falter they are looking at some monstrous charges. I would wait for their Q2 earnings - before jumping in. I think OK for CAPS Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (CORS) GyroDynasty (90.00) Submitted: 7/17/08 1:54 PM : Start Price: $2.65 CORS Score: -61.86 Should be valued at $5.91, but bad news can sink this stock fast. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (CORS) iamamartin (99.15) Submitted: 7/17/08 1:29 PM : Start Price: $3.30 CORS Score: -32.21 Bear Market Rally - means this one will underperform (to Zero !). I should have found this bank 1 year ago ! It's the same sort of story as IndyMac, DSL, etc etc ! Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (CORS) WSMOOT19 (67.91) Submitted: 7/15/08 9:11 PM : Start Price: $3.53 CORS Score: -23.25 negative revenue growth and earnings growth Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (CORS) tixareforkids (< 20) Submitted: 7/15/08 6:42 PM : Start Price: $2.65 CORS Score: -61.86 Love the headline: "after IndyMac's failure, who's next"? I have an idea... Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out.
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Top Pick	Member Name	Member Rating	Start Date	Call	Time Frame	Start Price	Stock Gain	S&P Gain	Score	Pitch
	TrackJimCramer	81.15	07/14/08		3W	$3.34	+32.63%	+4.45%	-28.19
	TrackTomGayner	< 20	04/11/08		NS	$9.58	-53.76%	-4.92%	-48.83
	TrackChuckAkre	31.59	09/30/07		NS	$12.44	-64.39%	-15.97%	-48.42

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