Opinions
David Driscoll
Siemens
SI-N
HOLD
Sep 14, 2012
$104.300
Stock price when the opinion was issued
electrical
electronic
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This soCal bank was the first mover in cryptos. Now, they have a 24/7 payments platform where customers can transfer real currencies and crptos. They even offer USD loans backed by Bitcoin. They just bought crypto technology, unusual for any bank. Stocks have surged from March 2020's single digits to $107 today. It hit $200 last November. An intriguing story.
banks
TOP PICK
Silvergate Capital Corporation is a registered bank holding company for Silvergate Bank, headquartered in La Jolla, California. Silvergate Bank is a commercial bank that opened in 1988, has been profitable for 22 consecutive years, and has focused its strategy on creating the banking platform for innovators, especially in the digital currency industry, and developing product and service solutions addressing the needs of entrepreneurs. The Company's assets consist primarily of its investment in the Bank and the Company's primary activities are conducted through the Bank. Social media mentions are up 133% in the past 24h.
banks
DON'T BUY
A key player in cryptos, but has many problems. Share have crashed with the entire sector, losing 76% of value. Sam Bankman-Fried had accounts here so there's reputational risk; hit with one class-action lawsuit and more may come; just released a 68% decline in deposits; they have lost 10x the money they made in their best year; and so on.
banks
Good company with a rising dividend. Average earnings growth for the last 5 years has been 5%, which is indicative of a very large infrastructure company similar to General Electrics, etc. You get cash flow growth on a consistent basis. 5-year dividend average growth is 19%, which is almost 3 times what the norm is. If the economy doesn’t recover, then you are going to have some bumps and it could just go sideways.