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Cullen/Frost Bankers, Inc. Message Board

  • janusdealer janusdealer Nov 12, 2011 12:05 PM Flag

    cfr not even selling for the cash per share

    apparently the NY boys & gals have given up on CFR doing anything major. THem Wll Streeters play ball with you if you play ball with them and cfr is having none of it.
    what do I mean "play ball"? You know the usual M&A stuff or loading up with debt so Wll Street can sell their bonds all that financial leveraging that got them (Wall Street types) in trouble.
    Just sit here and collect the divd and wait for mgmnt to buy or do something when the time is right.
    Really curious though if CFR will ever have a bank outside Texas.
    just sitting here on a Saturday drinking SBUX and wondering on paper you might say....
    btw cash per share is $73 per Yahhhh Who!

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    • Figure I read was $48 cash/ share, which is still stunning. I have to admit I came to this bank through Cramer, and although I generally tune out his noise, something caused me to investigate this stock more. Really does seem a hidden gem. I am working in Texas at present, and there is no doubt this state is doing well, especially Austin and all the oil communities.

      I find your take on the brokerages ignoring CFR for not giving them more business prescient: They tout all sorts of troubled and lesser companies instead so they can handle their bond sales. The balance sheet here looks outstanding.

    • Based on your PPS estimate, does management have an obligation to maximize SHAREHOLDER value? The bank has made it pretty clear it will not allow itself to be acquired, so this leaves acquisition and new depositors as the two areas for growth. Depositors doesn't get anyone to the red zone, so hopefully these guys will loosen the purse strings and purchase another bank.

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