CCBG in Tallahassee. Small (50+- branches) closely-held & VERY thinly traded. Selling under book w/ 8% of shares sold short. Positioned right in TD's FL path of expansion. Do your own DD; this one is a "back-yard story" that is completely off the radar. Yeah, I do hold KERX (and for longer than I care to admit) GLTA
I just looked at their financials. I'll pass. Not only is it thinly traded, their numbers are lacklluster. PPS is close to their 52 week high.
Banks will not be a solid investment until interest rates rise. Banks make their money on loans, not deposits.
All valid points. However, It IS a turnaround situation and it is still well under BV. Though essentially family controlled, I do not believe that they could thwart a takeover. Sure, it's near its 52 week high, but look back at its historic price. I think it will go much higher. Thanks for taking a look. JMHO.