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Does this mean $SIVB stock holders who had $265 shares two days ago now have worthless shares? JFC no wonder bank stocks are priced so low compared to earnings.
by reducesuffering 4y ago
Does this mean $SIVB stock holders who had $265 shares two days ago now have worthless shares? JFC no wonder bank stocks are priced so low compared to earnings... You're just hoping the dividends pay out enough before the inevitable implosion.
- boringg 4y agoThey will be getting something but probably close to pennies on the dollar. Depends on how it gets repackaged and sold.
- muzz 4y agoThe depositors, creditors, employees etc. all have to be paid first. I would be surprised if they can even do that, much less have anything left over for stockholders
- abofh 4y agoWell, they were 38$ this morning, but yeah, probably going to approach zero
- ejb999 4y agopretty much.
- rootusrootus 4y agoIn the FDIC priority list, stockholders are dead last, depositors first. If the depositors take any kind of haircut, I'd guess stockholders will end up with exactly zero.