http://www.bloomberg.com/apps/news?pid=20601208&sid=aXMgLTfjmiTA Synovus is ready to buy Banks according RA.
A $2. to $3.00 stock going to buy same class of financial difficulties: forget it. SNV FINANCES AT THIS POINT DONOT HAVE ANY BUYING POWER. A PLAY ONLY!
I agree. SNV will need to raise capital itself just to survive. I am pretty sure Brown indicated this.What is SNV going to do? Issue stock to buy TSFG? Someone in worse shape?
Dont be so sure. There are plenty of distressed assets out there right now and aggressive companies will benefit in time. Leverage, leverage...its a fierce world.
$9 in 3 year