Overreaction to bank failure might cause discount
Updated
LC seems to be a pretty good buy already with a P/E of 3.17 and a P/B of 0.82
with the news that the bank failed that had only 21M of the 88B that makes up LC some might panic and sell their shares that have already been declining.
with the news that the bank failed that had only 21M of the 88B that makes up LC some might panic and sell their shares that have already been declining.
Comment
i can't link link's but the bank failure is "Silicon Valley Bank" which is a tech venture capital bank that failed.Comment
the filing is on EDGAR for the 21M thing as well as the 8B estimate
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