Independent Bank Corporation Message Board

The question is for don't panik

Please Can you explain more?
thanks

Sentiment: Buy

Earnings were great, but there could be some dilution of the common down the road as the bank swaps common for the TARP preferred and probably some of the trust preferred issues like OSBCP. Listen to the mgt discussion of this. This is why the common is probably down.

Reported earnings were better then expected, if they continue to improve we should clear $10.00 a share next quarter.

No confidence in this bank. Management has spent the past 5 years writing off the loans they made the previous 5 years. Best option for all would be if a stronger bank bought IBCP. They still have to address the bailout funds thay owe.

I agree. Not worried at all, and I'm in for the long haul too.

People are taking profits as they should but you must look how far it's went up over
the last past year . I'm in this for another year and I think I will double my money again .

Earnings looked ok, so not sure what's going on.

Gives an immediate value of about $10.80 a share. I agree still looks good, with the improving real estate market in Michigan, the stock has been undervalued for quite awhile. This year should be pretty solid. Boring old business as usual, buy and hold, come out at the end of the year up 40/50%. I'll take it.

27 cents a share , three times estimated earnings. Looks good to me.

I hope so because now we are in the 7s.

Sentiment: Buy

I just joined

Sentiment: Buy

good informations

Sentiment: Buy

strong report!

Sentiment: Hold

good informations

Sentiment: Buy

solid information

Sentiment: Buy

Thanks for sharing

Sentiment: Buy