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Commerce Bancshares, Inc. Message Board

  • oldsmarties oldsmarties Oct 11, 2005 11:44 PM Flag


    Well, they finally dropped a bunch, but still if the average investor realizes that they trade at 247% of book value at the close today , at 16 times trailing 12 month earnings, and 15 times forward 12 months earnings, you have to wonder about any upside.
    In addition, 10 -20 cents of their earnings each year appear to relate to one time tax savings which are non recurring.

    If they trade at the same multiple as NCC, on a recurring earnings basis, of even %$3.00, which lowers their 12 month earnings by a bit, and they would be at 8.15 times earnings like NCC,they would only be at $25 tops--this is significantly lower from even the price they are at today.........

    Makes me wonder about the prospects for the stock!!!!! Could be a takeover target !

41.52-0.33(-0.79%)Feb 27 4:00 PMEST

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