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Prosperity Bancshares Inc. Message Board

  • get_rich_slow1013 get_rich_slow1013 Sep 23, 2002 2:04 PM Flag

    Lost Price Support? Accumulate!

    Yes, it's true PB has lost price support but I think it will hold reasonably steady at current price level. The stock is already oversold and undervalued at these levels. Not to mention, I took a look at the balance sheet last week and it looks to be in good shape. Can anyone on this board argue otherwise?

    Also, the loss of support is due to market drag, nothing more dire than that (as evidenced by the normal volumes we've been seeing). Now is a good time to buy more shares!! I plan to hold them for a while. This is the sort of company that I feel safe to have in my portfolio. I know my investment will pay handsomely in the next 12-18 months.

    If you have that kind of outlook, you should definitely buy up shares.

    You will not regret it.

52.29-1.73(-3.20%)Jul 27 4:02 PMEDT