I wont bother calling Abby to discuss the upcoming quarter results because ..well, she's not there anymore is she.
And how many of those RESI branches continue to operate ? Not many I surmise.
This quarter will reveal the turnaround that wasn't..and never could be despite the exhortations of the chairman.
A declining loan book, the drying up of the high margin Non Resident mortgage origination ..just a symptom of a business in decline and what will I expect be steep decline once the Hayne Commission pulls a few errant YBR executives in for some treatment .
Those smart MVT guys who have paid hard cash for the 19.9% YBR shareholding..wont look so smart come Monday.
YBR Price at posting:
14.0¢ Sentiment: Sell Disclosure: Not Held