SunTrust (NYSE:STI) is about to reveal how well they have been doing. How do you feel about Florida? SunTrust Banks has this “Bear Case Scenario” Florida is cyclical and has disappointed in the past. While the economy shows some signs of recovery the risk of mortgage put backs remains very real and very high. Have all the chickens come home to roost. Also management is fighting the cost cutting battle. A clear victory is not yet in sight. Never a comfortable scenario.
George Gutowski writes from a Caveat Emptor Perspective.