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SB Financial Group, Inc. Message Board

dtejd1997 2 posts  |  Last Activity: Jul 10, 2016 2:33 PM Member since: Jan 30, 2008
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  • Reply to

    Hancock Deal

    by spal4000 Jun 7, 2016 11:09 AM
    dtejd1997 dtejd1997 Jul 10, 2016 2:33 PM Flag

    what, whut????

    Buying 2 stores does not cut it? These two stores are going to expand sales 10%! These stores are doing SIGNIFICANTLY more volume than the average CCNI store.

    Heck, CCNI can do tremendously OVER TIME by buying 2-3 stores a year and expanding their sales 10% JUST FROM THIS. Add in a few percent of organic growth from existing locations and you are looking at 12% to 14% of growth per year.

    That will "cut it" in my book....

    Sentiment: Strong Buy

  • dtejd1997 by dtejd1997 Jun 30, 2016 3:17 AM Flag

    Hey all:

    After a long while, I'm back in! At $10.10 a share, it is simply too cheap... P/E of 6.5....this is on top of elevated credit write downs.

    If the cycle turns a bit, NICK's earnings could be SUBSTANTIALLY higher simply due to lower credit write downs. What if they also MODESTLY expanded the business?

    If the economy does not collapse, and you are patient for a few years, I think you will be amply rewarded.

    Sentiment: Strong Buy

SBFG
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