it might make sense for SAEB to own SSVE as it will reduce costs for customer service, technical support and back-office work with its centers in the Philippines. I bought a few shares of SSVE just in case, it seems very undervalued. What do you guys think about the potential for a deal?
With consent order (Dec. 10, 2009) SAEB clearly has problems. A closer look showing the large delinquecy and woefully depleted equity. There is no way to save it. I won't be surprised that it'll be taken over by FDIC in 1Q2010. If so, equity holders will be wiped out in total.