Why are they still paying dividends? They are basically insolvent. CS market cap today is what they paid for DLJ 22+ years ago when 14 bil. actually meant something! Talking about capital destruction. Unbelievable.
Credit Suisse issues third profit warning this year...is this even possible?.
l
will this go to 1 eventually?
h
CS is probably the most undervalued Swiss European bank. Cutting costs and on its way to profitability.
D
Next week will get some notice that an activist investor has become involved.
C
Your huge short position on a certain company is up 15% and moving higher LOL $CS is going to be in too deep real soon. I doubt DTCCC will look the other way on the Margin call. But to watch CS get vaporized is very exciting.
This will grow in next 2-3 years once negative news are all gone.
Don't forget CS is a big name in Switzerland and it is not just a peanut bank.
Of course there have been lot of scams and bad things within CS in the past few years, this will definitely take some time to revive and come back.
Each share of CS is less than a cup of a cappuccino in Switzerland 🇨🇭
I personally believe it will be in 12-15 CHF range in next 3 years.