Pacific Capital Bancorp: Evasive Maneuvers - Joseph Ramelli

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Pacific Capital Bancorp: Evasive Maneuvers
May 04, 2008 08:55 AM UTC

Joseph Ramelli

Return	Risk
+14.50%	MID

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Symbol	Sentiment	Start	Return	Closed
PCBC		05/04/08	+95.38%	--

Via Short Stock Ideas from Seeking Alpha:

So, in my last article I was completely right in predicting that Pacific Capital Bancorp (PCBC) would have
a huge spike in delinquent loans in Q1, but the stock is not down much. 
What gives? Investors are ignoring the danger signs and evaluating
the stock solely based on earnings estimates. In this case, earnings
guidance is the sirens’ sweet singing luring your ship ever closer
to the perilous rocks.

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