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Prosperity Bancshares Inc. Message Board

  • poorboy7 poorboy7 Apr 2, 1998 8:44 AM Flag

    Why the Rise?

    Anybody have a reason why the recent stock price jump? Any inside info. on first quarter earnings perhaps? I'm not sure of the rise but this poorboy is not as poor as he was last week!

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    • I believe the recent rise is the effect of the Guatemala acquisition. Any other ideas?

      • 1 Reply to elena1967
      • But I can offer no other rationale for the sustained increases. I was wondering Argos, until you suggested that KOF has received the nod from KO (but I notice KOF has been a bit off).

        Increased confidence about earnings, perhaps, or good whispers? Sector rotation? Improving Brazilian economy (your warnings about price wars notwithstanding)?

        I haven't noticed anything remarkable regarding Latin American issues, in general. Have you?

        I'm still somewhat in a state of shock. I thought 40 would be a fairly difficult barrier to cross, but we seem to have slid right by it and are sustaining the price. Guess I closed out my long calls too soon and sold those covered calls, prematurely. Oh, well, no one ever went broke taking a profit, and I can always roll out those covered calls. Still have lots of PB in my core holdings to make me happy.

 
PB
52.17+0.44(+0.85%)Mar 2 4:02 PMEST

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