Investing General Discussion

Someone explain this to me.

Jysin said:

HSBC bought the UK arm of SVB only.

The acquisition – which cost HSBC £1 – followed overnight talks between Downing Street, the Bank of England and HSBC bosses including the chief executive, Noel Quinn, as authorities rushed to protect the finances of SVB UK’s 3,500 customers. Those customers included venture capital investors and hundreds of tech startups that feared they would go bust if their deposits were wiped out.

(No FDIC parachuting in to secure depositors here in the UK)

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I guess I'm confused by the assets and liabilities part. I'm assuming they are still part of the deal. Like buying your parent's house for a dollar type of deal. You still get the house and all the problems.

So it was an auction of 1 and noone else showed up?

Looks like HSBC got a pretty good deal after looking into it. The UK portion was pretty solid and they get to add 3300 grateful customers.

Closed out the C puts I wrote yesterday. 73% profit. Most likely I could have road them to expiry for a penny, but I'm not greedy and who the fuck knows what Janet Powell is gonna do. Imma take my shekels off the table and be happy.

Regional banks are the new /meme stocks:

Ranak said:

What are some good Defense ETFs to look into?

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My personal opinion is War stocks are still highly overpriced. That being said, look at this:

Notice this drops at 3:57

iamacynic37 said:

What's the best war stock one year into a High-Intensity European conflict? Go back in time, buy Raytheon/Lockheed or just wait for better prices

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Raytheon makes missiles but its currently running a PE over 27. The boat for defense stocks sorta left a while ago.

iamacynic37 said:

Yes, exactly. The Boat left when Ukraine war kicked off. Outside of WWIII, defense needs to cool TF out to normal levels

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I am a big fan of the MIC stocks normally. I sold my RTX, LMT, NOC for some pretty good change. Havent had an opportunity to jump back in them.