First Horizon National Corp (FHN)

Garbage.

#62 Best Corporate Citizen
http://www.business-ethics.com/node/75

Well-managed regional bank that has taken its lumps and is on the way back. I think the entire financial industry is over-sold, and that FHN will see $20.00 per share in the next 12-18 months.

streetflame - http://caps.fool.com/player/streetflame.aspx

well managed regional bank holding company. the bank focuses on fee revenue and generates a high percentage of fees to interest. banking in general is probably not the place to be in a global economy in a banking freefall. but first tenn will be a winner in the group.

Yeah ...shenanigans on Loan Loss Reserves....please reduce more of your reserves in the face of deteriorating delinquencies and Losses......

Of course Losses have peaked ( or they were supposed to in Q1 , 2009) - so we need proactive management to release the reserved ahead, right?

This is a terrible bank. It will fail or be taken over in 2009. It richly deserves its fate, condemned to the trashcan of history. It would likely be dead already if it hadn't taken some taxpayer dollars under the cover of the TARP.

If I am reading the balance sheet correctly, First Horizon has three times the ammount of income they reported this quarter allocated for non-preforming loans. I believe that the spiraling mortgage crisis will continue to make things even worse on banks and home loan companies such as this.

Also I happen to know that they are about to lose some money on my condo....

mortgage investment/regional banks

Time to red thumb this again.

The Fear Trade: Investors Pile into Gold and Treasuries
The Dow suffered its biggest one-day point drop in history (although not even close on a percentage loss basis) as investors moved out of stocks into traditional safe havens such as Treasuries and gold (GLD). The failure of Congress to approve the $700B bailout package stunned investors as lawmakers worked through the weekend and practically around the clock to put together a plan that was widely expected to pass. The Senate will return Wednesday night while the House meets again this Thursday following the Jewish New Year holiday recession.

In other signs of worry over a worsening global economic recession, the U.S. Oil Fund (USO) lost more than 10%, the Baltic Dry Index slipped to multi-year lows, the iShares Emerging Markets Index (EEM) was down over 11%, and the Market Vectors Steel ETF (SLX) was down over 16%. Very few stocks closed in the green today, but among stocks that I track BioSante Pharma (BPAX) surged by over 16% on over four times its average volume without any news releases to account for the move.

I plan to focus on the small and micro-cap biotech space since these companies trade in their own universe for the most part based on their clinical development activities regardless of the economy. I own shares of Cytori Therapeutics (CYTX), which had a mid-day surge in the midst of the market sell-off, but still ended the day in the red on light volume. Overall, I am still very cautious on the market and will keep most of my money in cash until the market stabilizes as the velocity of today's downturn around mid-day was unsettling.

Sold National Mortage Unit, less exposure to Mortgage Banking as a source of income. Taking substantial reserves on remaining assets in Construction portfolio, will become a clean regional bank within the next year.

Yet another stock on CAPS that has no business having a 1-star rating. Is it me, or is the vast majority of CAPS players bandwagon types? Where's the foresight, folks?

THE CORE BANKING BUSINESS WILL COME BACK.

In the world, I backed WM from 3.65 and FRE from 4. I now love financials - but I'm not buying any more in the world - just in the game.

Too risky for real $$.

My bet in the game is that the shorts in a few others will look to take the sweet profits before they halve.

From blog. High-yielding 1-star stocks underperform at least 75% of the time.

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=64590&t=01003935111856027161

passed my new screen test

banks hardly go out of business, even under extreme economic conditions.

non-performing assets as a percentage of statutory equity is over 300%