YANCEY JAMES D: Declared Holdings Company/Relationship Reported Shares Ownership Synovus Financial Corp. Common Director NYSE:SNV Total Insider & restricted shareholder transactions reported over the last two years Date Shares Stock Transaction 3-Aug-11 75,000 SNV Purchase at $1.71 per share.
I bought 10,000 late last week. Average price 1.67. I have been doing biz with them for over 10 years. They are not going broke according to their employees. I wish I had waited to buy these "options" til today but I still think I'll be fine 3 months from now. May pick up more shares in next couple days. I believe the reason for the huge drop was simply people selling for margin calls and low priced stocks are a favorite of young investors because they get alot of shares for a small price. I would expect more forced selling next couple days but then I think $2 within 60 days is probable. Just look at price over last 2 years, losses are less and less and it's at a discount to book value. Any buyout would be over $2.........my two cents