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54.5¢ slater & gordon limited

Great post htran. Second best post since you said you're selling...

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MazC

1,004 Posts.

25/03/16

08:30

Post #: 17360274
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Originally posted by htran7528 ↑

Yes, very bad news for the banks, they need to make provision for the loan.

"if they think that they've lent money to a company and that company cannot repay it, they have to put that money aside to cover the potential loss of the loan.

Now after the financial in 2007/2008, banks were forced to put billions and billions of dollars into these bad and doubtful debt accounts. It's called provisioning - they were forced to put all that money in, and as the economy improved, as those debts wound their way through the system, they started taking money out of those bad debt - the rainy day jar - and applying it straight to their bottom line, to profit."

But really good news for S&G. Banks is not calling in the debts anytime soon. Win win situation for both Bankers & Lawyers.

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Great post htran. Second best post since you said you're selling (other stocks) which really gave me a good laugh
happy Easter! I'm off to the beach.

SGH Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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