Your seeing huge institutional buying at these levels. My personal institutional research indicates a price level above 10 bucks by 1st quarter next year. The only thing that kept this stock down is the recession. Now their balance sheets have been cleaned up, tarp paid off, lowest pe in the financial industry. 17 analysts have a 1.8 weighted buying deceision on a 0-1 point scale. Which means they are overweight the stock to outperform. Its a beautiful stock.
I believe we have a ride back to 3-3.10 first to fill the gap. Seems in a range for now 3.28 - 3.39 and that is fine. Like your optimism but that will never happen. 5 by Christmas will be good and that will be a function of the market I believe
filling the gap - does that always happen ? if so, I can wait to purchase. I see the book value on SNV over one now so not as cheap as everyone says. remember C did a reverse split ? any thoughts if SNV would do this to bring their sp up to a more respectable number?
Paying off the TARP just might bring about a 30-40% gain, hopefully pushing the pps to about $5-$6. Where the $10 pps comes in is that SNV just might be a big take over target. If this happens, after 1-1-14 it just might push the pps over the $10 level. There are a lot of ifs to take place. Present upper mgt believes strongly in this stock. They have put their own money on the line. I have joined with mgt.
You had me, til you said $10 by 1st quarter... And that pretty much made you lose any credibility. As much as Id love to see it happen, it is all but impossible to move that much/quickly. TARP payoff gives them an extra $50 mil to play with each quarter, not billions. Their market cap isn't tripling within 2 quarters lol.