Turnaround situation thats's flying (completely) under the radar; VERY thinly traded & acting "peculiar." Selling under book w/ 8% of shares short. Due your own DD. Acquisition by TD would let them fly the from Naples to Destin.
Absolutely NOTHING. I've owned KERX for a long (too long) time and this is certainly refreshing. CCBG IS trading "peculiar." There is absolutely NO justification for such a thinly traded issue to be trading pre-market & in extended trading. For heaven's sake, sometimes this thing barely trades! Not only that, you'll see trades priced to 4 decimal points! I suppose it could simply be a case of the shorts attempting to cover without stirring the water. It sells under book so I decided to build a position in it. I like that it has no meaningful coverage (though it does have a rather impressive cast of institutional investors). Even though the controlling family has been in the driver's seat, I don't believe that they could thwart a respectable offer. Given how thinly traded this issue is, should shorts need to cover it could prove explosive.