PrivateBancorp, Inc. (NASDAQ:PVTB)

Originally bought in Nov. when Florida Builder said too soon, and UltrLong said no it's not. He go in for a lower price than I did, so after holding if for a short time, closed it with a 10% profit. Bought back in when it looked a little better. They still have problems, and it could go back down some, but their losses are narrowing, and they have a plan of action. Will take some time, but has a real good upside, in the longer term. Not doing too badly in the shorter term, but banks are hot right now and expect it could have a 10% to 20% downside if we have a strong correction. This will be recovered and much more added to it in the longer term. Commercial real estate is their problem, but they are addressing it. 100% plus from here in the longer term. In at $9.04.

JMO and worth exactly what I am charging for it.

expensive & weak bank. underperform

regional bank industry. Took short position on PVTB by buying put options @~0.33/contract for September 2010 @strike price of 7.5/share. This will hedge my very long positions on commercial banks with short position on seemingly weak & expensive bank.

PVTB has an illiquid balance sheet. PVTB also has redeemable preferred stocks. Its common stock price may be halved.

Long term pick based on improving Net Interest Margins and stabilizing losses. NIM for banks (well run ones anyway ) are significantly up. This helps them replenish there reserves for Loan & Lease Loss. add Hugh hit on stock price recently makes this one a green thumb for me

ultralong

lots of room for error here but do not believe in irresolvable problems in 2010 - so simply 9$ straight seems impossible not to get in

Look at that insider buying! This can only be good.

cheap

I like that many many insiders are buying this last quarter of '09 and that there is currently 14.06% insider ownership. I also was compelled by ultralong's recommendation....

I bought some for myself today: 12/9/09

ultralong

HT UL

Incredible insider buying in this stock at all levels since the big drop. Positive sign that they know more than we do.

UL pick for a year, real value 13 to 14

Look, it is simple enough. If ford can make money than anyone can and the recession is over. Banks are necessary businesses and are always the leaders out of recession. This one is a nice long term pick.

You can ride it on its way up on this one.

The earnings report and the $175 million dilutive stock offering gave this a "double-whammy" today, but the bank is poised to survive. This really "big" drop *might* still cost me points going downward but I don't see it revisiting March lows. This is a midwest survivor and a buy at this point.

tenmiles

With PVTB implementing their new strategic growth model and taking scores of business and top level executives from Chicago Powerhouse LaSalle Bank I see this stock going down in the present and increasingly dramatically in the next few years. I wouldnt be surprised if this stock is well over $60 in 3 years time as the executives that were brought on board from LaSalle grow this bank to become a major player in midwest commercial banking.

If you take a look at what these employees were able to do with LaSalle prior to the merger with BOA you will see that they have walked away with most of their high profile commercial clients and are on a path towards certain success in building a new LaSalle at the Private Bank.

Despite the fact that they have been posting losses in the present, a simple explanation is the cost of the 100+ executives that have been brought in from LaSalle, as well as the current state of our economy and the "Credit Crunch" that has been effecting almost every bank in the country.