Fri, Aug 29, 2014, 2:55 AM EDT - U.S. Markets open in 6 hrs 35 mins

Recent

% | $
Quotes you view appear here for quick access.

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

 
CBSH
45.86-0.28(-0.61%)Aug 28 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.