MERGER TARGETS! Study the ten signs a community bank is a merger candidate.
Because banks like TOWN and FRNK have issued so many shares, dilution cuts the per share value significantly. In the meantime, HBKS was seriously buying back stock ... plus HBKS employees don't have ridiculous stock options like the other guys!!! It's looks like in history the HBKS CEO just pulled out his checkbook and paid retail for most of his stock.
... he's got so many stock options ... don't think it means much! It's like moving money from one pocket to the other: Yours to his!!!!!
Why don't they just rent a place and get to work? Building new HQ from green space is a big distraction. Study history ... it usually marks the beginning of the decline for any company!
"In May 2014, the Company acquired certain real estate in Houston, Texas for the purpose of constructing a corporate headquarters building."
First impression is that bank must not be for sale. Wrong!
Second impression is that he wouldn't have come over unless he saw an opportunity to move up. He doesn't have management experience, so he has to see a buyout coming where he stays on in lending with a bigger bank!
Agree in general , but occasionally one comes back; e.g. NFLX. However, it likely will take a while. In the mean time, the masses buy the dip and get fleeced!
Oh well ... no one posts on here any more anyway.
Palladium must have sold its stock to Mr. Moore? How else could Banc Funds go from zero to 100,000+?
Whatever ... go with Mr. Moore!!!