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Providian fell to $3.95 today...

Discussion in 'Credit Talk' started by FeliceRodo, Jul 11, 2002.

  1. Jul 11, 2002 #1
    FeliceRodo

    FeliceRodo Well-Known Member

    but rallied to close at $4.35. I think when the stock drops to $3 I will jump in again and buy.

    Historically, before the stock run of the last few years, the stock was at or near $10 a share.

    I base my confidence on recent conversation with people who have a high opinion of Joseph Urbina, CEO of Providian.

    Also, dumping subprime is the way to go as high charge off rates are killing the cash flow.
     
  3. Jul 11, 2002 #2
    Bill B

    Bill B Well-Known Member

    Ya i bought when it was low too..Didn't buy much but eough for the long long run..
     
  4. Jul 11, 2002 #3
    dogman

    dogman Well-Known Member

    3X as much as QWEST....LOL!

    aarrfff - dogman
     
  5. Jul 11, 2002 #4
    breeze

    breeze Well-Known Member

    In their heyday PVN was much higher than $10 a share. Some I bought were at $46 something, and it had been higher. Several splits. Those days are gone, LOL.
     
  6. Jul 11, 2002 #5
    dogman

    dogman Well-Known Member

    FYI - GEICO did a great job on rolling over my great auto coverage onto the AUDI - great service -
    Dogman
     

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