Personally I see a buyout possible but for a concern with exceptional leadership, thankfully replacing the clown act that took Synovus to the brink. Above $6 is possible this year, abeit closer to the bank actually returning to a profit.
I believe one of the big banks will acquire it to expand their presence in the southern market.
I've never seen a recession that did not end and eventually real estate will come back (perhaps with a vengeance). Synovus will survive through the recession - their capital ratios are getting better day by day. People may lie but numbers do not. Warren Buffet's priciple of investing has never let him down ("Buy when others are fearful and sell when others are greedy"). Fear about the future is what creates amazing buying opportunities. When everyone loved SNV at 30/share two years ago - that was not the time to buy. The time to buy is now, when everyone hates the stock at 2 and change.
We shall see in two years time if this post was correct.
Will Bull do you see dead people as Haley Joel Osment or are you just thinking that shorts are the walking dead? A buyout is coming so why would someone wait for Synovus to get back on its feet so they have to pay 20 dollars a share when they can get it for 9 to 11 dollars a share? I keep coming back to $11 dollars because I believe that is a fair price for a 35 billion bank that has more cash than debit. Take a look at other banks and you will see they have more debit than cash. $5.506 per share of cash and we sit at $2.55 a share. Who would not want to buy us at that discount.