I was actually surprised that this stock didn't go up higher when the merger was announced. I mean BHBC is going to be a regular bank now. I know we only get about 20% equity in the new bank but still. We were only at 2.6 cents before the announcement. I did load up at that level, but was hoping for a bigger bump. Will we get more that the $.15 its at now?
The market says no for now. The question is what is book value after the losses. I scratched out .77 but am not sure if this is correct. The big question is will the new bank relist or get healthy enough to pay some kind of dividend in the near future? If they do neither then maybe an extreme discount to book value is in order.