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6 pts

Opinion on  HSBC Holdings plc (HBC)     Sector: Financial  >  Industry: Money Center Banks
What happens when you're in 2nd lien position?

Apr 28, 2008 08:52 PM GMT
Picture
Return Risk
-28.31% MID
Sr. Analyst

While I realise that HBC is faring far better than American banks due to increased Asian growth, due to the relatively large participation in the 2nd mortgage subprime market (and the inherent risks involved in 2nd liens compounded with a subprime 1st mortgage), I believe it would be a great time to short this stock.


HBC:  This call was made on 04/28/08 @ $85.85
Rating:   Positive   $85.85 (04/28/08)
Closed:   04/28/2008 @ $85.85 (+0.00% in 1 minute)
Target:   in Six months


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David Young previously rated HBC
Negative +32.09% What happens when you're in 2nd lien position?
04/28/2008
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