Two years ago PBCT was trading in excess of 17. Today we are plus or minus of 12.50. During this time the market by most measurements has doubled. Past and current management have clearly been woking for themselves and have shown no interest in creating shareholder value. The cash hoard has been squandered with so-so deals with excessive premiums. The stock is dead until the closing of the last announced deal which is scheduled to close sometime before the end of the second quarter. Then we wait for the next lousy deal and the cycle starts again. When will this or better the next management team reward the true owners? Remember the dividend is supported by the cash inherited by management not by increased earnings or any decisions made by current management.