Cowboy, you don't need to worry about collecting on the bet, you just need to figure out how to pay it off. I suggest that you prepare to donate BXS shares to your favorite charity as this stock will drop to $5 by YE 2011. Sad, but true. The good times are long gone for BXS. Stockholders need to bailout before it's too late.
I believe that you are wrong in your assumption that TRMK and BXS would be a merger of equals (MOE). Actually, it would be more like a MOU (Merger of Unequals) as one company is financially sound and well managed and the other is broke and without leadership. I'll leave to you to figure out which is which.
BXS is in stronger position, they have essentially NO subprime mortgage exposure. Their "lending" standards even before 2008 were only quality loans..I think if ones holds long term, regional banks like BXS will reward you...not for short term ..at about 9 bucks per share...in 5-10 years...will they go bankrupt..dont think so...will be slow mover...buy at this level and forget about it for 5 + years. I see BXS long term in teens/ about a thitty plus return over long run.....buy at these levels and forget about it...check it 5-10 years from now,.,,,
Trustmark setting up Corp office in Tupelo may mean something is going to happen-an interest in BXS or to completely eliminate BXS as competition! It seems like they are going to have some of the best technology and also a convention center.
Trustmark can do what they want to in Tupelo but they will never take BXS market share or RNST market share. Trustmark is moving to get out of RNST shadow which I think is a good move on their part. In Tupelo it will take local talent to overcome BXS or RNST. Trustmark does not have that at this time.