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Premierwest Bancorp Message Board

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  • gatorlabs75 gatorlabs75 Jul 24, 2010 12:10 AM Flag

    Is this the stock traded at 3 oct 2009??

    To be a $3 stock again, we'd need quarterly profits of about $0.05 a share (very rough calculations). Once profits kick in (as early as Q3) they will continue for the forseeable future. The company is now leaner and has the ability to be more profitable. The bad stuff is behind them, it is just a matter of time. Bankruptcy is off the table, that is the important thing. This should be trading at about $1.50 right now.