Mike Rosiana
What a day for First Republic Bank (NYSE:FRC). After losing heavily on Friday already, FRC stock crashed by as much as 70% on Monday, prompting a trading halt. Now, I am excited about the opportunity because I believe that the selloff has pushed FRC far below the bank’s intrinsic value. If you have ever wondered what a “blood on the street” investment opportunity looks like, well, this is it. And in this article, I explain why I am buying.
Before discussing First Republic Bank’s balance sheet, let’s take a step back and quickly review what happened to SVB Financial Group (SIVB). In a previous article, I have tried to “simply” explain what happened to SVB Financial — here is the abbreviated explanation:
READ FULL ARTICLE HERE!
