written by reader Bank Warrants

By baygreen, October 20, 2013

TRAVIS YOU WHERE TALKING ABOUT BANK WARRANT A WHINE BACK. I am curious have you came up with more on that and I asked because I started looking into that and I was checking because it looks like the lonng tern financials there might be some more good plays and a good place for 4 to 5 year money gains, I think the banks got there hat on right and are going to cherry pick good deals for there books , they may be some high end but Iwas looking at several and wanted your and thinkolaters input say like one I have studied LNC- OR IS IT .WS i THINK LNC.WS BACAUSE TIMES HAVE CHANGED AND THE TARPP MONEY GAME THEY WHERE IN . SEEMS THAT THEM AND A FEW OTHERS MIGHT BE A LOT BETTER IF I
WOULD TAKE SOME OF MY ASSETS AND PUT IN THEM AND THEN THE REST IN GUARANTEED ANNUNITIES? ANY THOUGHTS and how are yours doing?
Thanks
Cathy just learning!

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Travis Johnson, Stock Gumshoe
October 26, 2013 3:17 pm

Hi Cathy,

I’ve suggested a few of the TARP warrants and own a couple of them — there are about a dozen of them trading right now, mostly large banks but a few smaller ones. I own PNC and BPFH warrants personally and currently have a limit order in for JPM warrants if they drop to my price, but most of them look pretty good if you think financial stocks will do well — some of the stocks have risen so much that the warrants don’t give much leverage for their risk anymore, but in general those are the three that have appealed most to me. Outside of traditional banks like PNC, Comerica, Capital One, Lincoln Financial, Citigroup, Bank of America and a few others I’m probably not remembering there are also warrants on Hartford Financial, AIG, and GM, most with 2018 expirations (AIG is later, maybe 2020 or 2021) and rising dividend protection. AIG, Citigroup, Bank of America are probably the most talked about. The most detailed comments I’ve shared on these were for the Irregulars back in April here: http://stockgumshoe.com/2013/04/april-idea-of-the-month-betting-on-2018/

And Steve Sjuggerud teased TARP Warrants back in 2012, I covered that pitch here: http://stockgumshoe.com/reviews/true-wealth-systems/treasury-rights-most-controversial-investment-of-the-last-25-years/

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