Thanks for the pushback, it's highly appreciated. Just noticed they changed the wording in the most recent 10-Q regarding allowance for loan losses. Doesn't square with how they've downplayed things on the conference calls. Will probably take a big hit to equity (as the bears have said all along). These guys suck. 
"While the Company is currently unable to reasonably estimate the impact of the new adoption, the Company expects the adoption of the standard on to significantly increase its consolidated financial statements allowance for loan loss. Any adjustments to the change in the allowance for loan loss at adoption would be recorded through a cumulative-effect adjustment to retained earnings."
FWIW I spoke with IR shortly after the quarter and she definitively said that their estimate for CECL impact
WAS included in their guidance. Whether you believe that or not is up to you.
Other assumptions that went into the guidance were as follows:
1) Originally built in 2 rate increases, instead got rate decreases - $40mm reduction
2) Mark to market on held to sale - $50mm reduction
3) $500mm lower A/R than expected - $40mm reduction
This has been my 2nd biggest losing position in my time investing, and I'm still mulling over whether to sell it and take the short-term loss or whether to hang tight as it seems that A/R is finally inflecting upwards.