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Meta Financial Group, Inc. (CASH) Message Board

  • mahaffeymj mahaffeymj Aug 20, 2012 9:27 AM Flag

    STOCK ISSUE

    don't like CASH issuing stock below book, but guess they anticipate more MPS deposits requiring an increase in tier capital 1,2,3 (whatever) requirements? anymore knowledgeable posters comment? wabuffo, you there?

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    • ...first, anything that might enhance liquidity is almost bound to benefit the stock...

      ...second, the company was REQUIRED to raise capital levels as a consequence of the rapid growth of its MPS division...

      ...third, the buyers include Philadelphia Financial Holdings who already own close to 10% of the company's stock, Netspend whose purchase will probably put them to their maximum 4.99%, and JTH Holdings who will own almost 10% of CASH:

      http://www.sec.gov/Archives/edgar/data/907471/000114036112037694/ex99_8.htm

      ...notice that the purchase price was not determined by management per se but by the volume-weighted average price per share for the twenty days preceding the deal...

      ...overall, it looks like a very positive development that should enhance the company's performance and make it more attractive to investors...

    • My thinking is that these new investors, who are buying shares at a 7% discount to the market price, expect to make much more than a 7% return on their investment over time as the value of CASH shares rise back to the recent trend line and then above as the company deploys these investments.

 
CASH
35.18-0.01(-0.03%)Dec 26 4:00 PMEST

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