Figure I read was $48 cash/ share, which is still stunning. I have to admit I came to this bank through Cramer, and although I generally tune out his noise, something caused me to investigate this stock more. Really does seem a hidden gem. I am working in Texas at present, and there is no doubt this state is doing well, especially Austin and all the oil communities.
I find your take on the brokerages ignoring CFR for not giving them more business prescient: They tout all sorts of troubled and lesser companies instead so they can handle their bond sales. The balance sheet here looks outstanding.
last paragraph is exactly what I believe! If you dont use Wall Street money/advice/or M&A then they do not promote your corporation. THink about this: if you use those Wall Street boyz & galz they then have something to sell the retail client..ie a story to tell and sell as we used to say. Look at the splendid favors GS has done for their clients. In Texas from where may I ask?