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Commerce Bancshares, Inc. Message Board

  • JoeSchmo_2 JoeSchmo_2 Aug 3, 2000 5:01 PM Flag

    Respectfully disagree with Schmidt

    I live in Missouri and while I respect James
    Schmidt very much, I would not put CBSH on a short list
    of possible takeover candidates. They are doing too
    well with significant Kemper family ownership to bail
    at this point in time. However, as a solid,
    modestly-priced financial that adds ballast to a portfolio
    comprised of more volatile stocks, you can't beat
    Commerce...

    This is a well-run, profitable, well-respected
    enterprise.

    Joe

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Commerce is one of the last big banks left in the
      midwest that has not been acquired, so I think they are
      prime for takeover IF Kemper can get a high spot in the
      takeover bank, I think he said a few years ago that this
      was the case, so if the deal was right. As I recall,
      his holdings is less than 25% so maybe the
      shareholders have a bigger say so than you think.

      • 1 Reply to larry0123
      • ...considering recent takeover premiums for
        financials (1.25x - 1.5x book), I think the acquirer would
        have to make a VERY SWEET offer for a bank the quality
        of Commerce for institutional shareholders to agree.
        If it happens, fine - icing on the cake for
        shareholders. If it doesn't, then we still own a great regional
        bank.

        I would rather look to Firstar (acquired
        Mercantile) in a couple of years to be taken over as a solid
        Midwest franchise...

        Joe

 
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