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Franklin Bank Corp. (FBTX) Message Board

  • helpme_hanna helpme_hanna Jan 9, 2008 10:39 AM Flag

    I'll admit I'm dumbfounded.

    The recent insider action has been heavily to the buy side, with only Selman selling some shares (and even he has some buys.) The most recent quarterly report was quite good. Since the last report, the company has acknowledged some bad loans and set aside funds to cover them. The bad loans the company has acknowledged would no way warrant this selloff.

    It is just amazing to me that this is selling for 3.60. From all we know, given the public information, it is worth 3 or 4 times that amount, or more.

    The volume has been low, so maybe there is nothing to the selloff. Still, I would have thought there would be some buying pressure at these sub-5 levels.

    Like I said, I'm dumbfounded.

    My view is to not fight the tape. I'm tempted to sell and ask questions later but have not been able to pull the trigger at what seems to me a give away price.

    So helpme_hanna

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