First I'll describe myself. I've been holding CBSH since 1980 and the returns have been quite respectable. Banks are generally safe investments because the Fed Res was created to protect them (not, by the way, to manage the economy) Given that I'm not all that enamored with the management. They bought a local bank in my area that was prosperous and screwed it up. The facility has lost customers and looks like a ghost of it's past. This was all a result of stupid management. As a 50 year customer of the bank all I can say is it isn't as bad as some of the others. One thing, they don't make a lot of bad loans as many do but their customer handling is pitiful. The local Cap Fed branch's vitality is in very sharp contrast. Sure wish I had put some dollars in it when it went public. Vic
How Low will cbsh go? What manager change and where in the organization? This has been a very stable, but in recent months Commerce has had lots of movement in both directions. Do you know any reasons?
Sorry for the delayed response. First, the guy heading up the venture capital company left--then the guy heading up the capital markets area left for UMBF of all places--when they start heading there, one can only wonder whats up--- as far as how low, now probably depends on results---regionals can't look too good this quarter with housing down and probably some commercial losses--I'd suggest you take a look at their 10-Q this quarter when published for any potential loan problems--while they have always been pretty good in the past, you never know when you see bodies leaving and don't know why---I'm not in their territory so can't respond to wixywaxy's opinion as to poor customer service handling