Western Alliance Bancorporation (WAL)
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
stockfreak1
(< 20)
Submitted: 11/22/2009 7:37:01 PM :
Start Price:
$4.29
WAL Score:
-7.35
The bank has approximately $232 million in total non-performing assets and about $104 million in total loan loss reserves. Normally, I would say this is bad, but looking harder at the numbers the company has plenty of cash equity on hand to remain stable and not have to screw shareholders. Approximately, $100 million is for cash reserves are residential land construction and real estate... the rest of NPAs are CRE and commercial related loans. As CRE and some commercial aspects are suffering now, assuming Geithner's assessment is correct about CRE and CMBS not turning into a crisis, this will be a gold mine in the future. Long.
Recs
EclecticRecluse
(75.45)
Submitted: 11/17/2009 4:54:47 AM :
Start Price:
$4.41
WAL Score:
-9.67
Technical Bounce Likely
Recs
ALLBZNS
(42.20)
Submitted: 3/8/2009 3:00:07 AM :
Start Price:
$4.40
WAL Score:
-71.36
Low exposure to toxic assets, very personable, and in growing markets like Vegas, Arizona, and L.A......yes, Vegas, Arizona, and L.A.
Recs
Niteski
(< 20)
Submitted: 7/22/2008 5:09:59 PM :
Start Price:
$10.11
WAL Score:
-49.45
Good bank w/ a franchise in my back yard. 10-K and last 10-Q not all that bad. The management isn't afraid to throw the baby into reserves so they can book recoveries going forward. I believe their worst is over.
Recs
Recs
Money2themax
(< 20)
Submitted: 5/7/2008 12:28:07 AM :
Start Price:
$13.40
WAL Score:
+50.71
Good bank. SOLID financials due to good management. It has weathered the worst and generally speaking did not get caught up the recent credit mess, but until oil stops dominating the news, this will be a very, very slow rise.
Recs
giftedangels
(< 20)
Submitted: 4/24/2008 12:08:22 PM :
Start Price:
$11.85
WAL Score:
-48.76
With rising prices on everything it seems more and more people are going into the doors of the franchise that seems to save everyone money.
Recs
EddieDinero
(37.75)
Submitted: 3/25/2008 6:30:32 PM :
Start Price:
$13.37
WAL Score:
-54.55
The sub prime mortgage mess hasn't dealt this company a blow like others.
Recs
loano
(< 20)
Submitted: 3/24/2008 1:27:51 PM :
Start Price:
$13.36
WAL Score:
-54.39
budget and bargain basement prices.
Recs
beentoldiamgood
(< 20)
Submitted: 3/24/2008 10:40:54 AM :
Start Price:
$13.38
WAL Score:
-54.68
strong scripts business
Recs
koronado
(< 20)
Submitted: 3/14/2008 7:23:06 AM :
Start Price:
$12.10
WAL Score:
-53.52
still building and always a strong performer.
Recs
morningstarboy
(< 20)
Submitted: 1/2/2008 3:23:44 PM :
Start Price:
$17.34
WAL Score:
-56.53
As of close of business on 12/31/07, this was a 5-star Morningstar stock that was trading at less than half it's Morningstar fair value.
Recs
sgtterry
(76.77)
Submitted: 12/14/2007 7:00:00 PM :
Start Price:
$19.57
WAL Score:
-58.22
Better Investing Dec 2007
Recs
XMFMrchw
(99.52)
Submitted: 6/25/2007 11:12:00 AM :
Start Price:
$29.56
WAL Score:
-63.11
Management has sold banks in the past (how else do you get enough money to own the Phoenix Suns??). I expect them to do it again, once concerns over the Las Vegas real estate situation are assuaged.
Recs
travelman30
(< 20)
Submitted: 6/20/2007 9:52:47 AM :
Start Price:
$30.63
WAL Score:
+62.49
under paying there people and making cities and goverment pick up the tab for health care . they put the money in there pockets and they have there way of pushing in where they are not wanted. people will see them for what they are and go some where else. low prices are not low prices when you have to pick up the tab they do not want to pay.
Recs
gplejeune
(< 20)
Submitted: 12/19/2006 5:53:11 AM :
Start Price:
$34.70
WAL Score:
+70.91
P/E too high
Recs
kenhoss
(56.01)
Submitted: 11/24/2006 6:32:14 PM :
Start Price:
$36.90
WAL Score:
-72.30
they are by far the biggest and have no rival for their specific niche.
Recs
ldrldr
(55.26)
Submitted: 10/28/2006 3:27:46 PM :
Start Price:
$33.57
WAL Score:
-72.81
Walgreens should do well in the coming years with the aging population and generally speaking the increased need for more people to depend on the pharmaceuticals for continuing their good health in the later years.
Recs
longshotsilver
(36.92)
Submitted: 9/23/2006 6:37:46 AM :
Start Price:
$34.95
WAL Score:
-77.04
With money coming in this company has room to grow. Look for them to expand and the stock to go up.
Recs
tony5799
(< 20)
Submitted: 9/21/2006 12:54:05 AM :
Start Price:
$37.75
WAL Score:
-77.29
Aggressive and solid management with high internal ownership
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