All valid points. However, It IS a turnaround situation and it is still well under BV. Though essentially family controlled, I do not believe that they could thwart a takeover. Sure, it's near its 52 week high, but look back at its historic price. I think it will go much higher. Thanks for taking a look. JMHO.
CCBG (Tallahassee) VERY thinly traded (a "back-yard story) 50+- branch bank (N. Florida, Big-Bend, & a few in AL & GA) turnaround selling under book. Located right in the path of TD's FL expansion (acquisition would let them "fly the flag" from Naples to Destin). Unusual trading -- averages 20,000+- per day (and often, well under 10K/day) yet there has been trading pre & extended market hours. A while back a 125k block was crossed through RJF. Just saying; do your own DD, and REMEMBER, VERY thinly traded.
Exciting! Wasn't there also an outfit from India that had established an OLED manufacturing operation in that neck of the woods? Related? Thanks.
"Under-the-Radar" turn-around that is selling under book. VERY thinly traded, yet, it has been trading in pre & extended trading; even trading priced to four decimal places (this, for an issue with average volume of 20K+-)! Very curious, indeed.
Smallish banking franchise; turnaround situation & sells well under book. VERY thinly traded w/ 8%+- of shares sold short. If nothing else, put it on your watch list. Virtually no coverage (but check out the institutional investors). This is a "back yard" story you'll never get from your broker. This franchise would "plug a hole" in TD's Florida "ground game" by allowing TD to fly the flag from Naples to Destin. Nuff said. "That's all" (think Michael Savage).
Absolutely NOTHING. I've owned KERX for a long (too long) time and this is certainly refreshing. CCBG IS trading "peculiar." There is absolutely NO justification for such a thinly traded issue to be trading pre-market & in extended trading. For heaven's sake, sometimes this thing barely trades! Not only that, you'll see trades priced to 4 decimal points! I suppose it could simply be a case of the shorts attempting to cover without stirring the water. It sells under book so I decided to build a position in it. I like that it has no meaningful coverage (though it does have a rather impressive cast of institutional investors). Even though the controlling family has been in the driver's seat, I don't believe that they could thwart a respectable offer. Given how thinly traded this issue is, should shorts need to cover it could prove explosive.
Would be a good acquisition for TD; would allow them to fly the flag from Naples to Destin. VERY thinly traded; selling under book and totally off the radar. Do your own DD. This is a "back yard " story.
I'd put CCBG on your watch list, nonetheless. It's very curious to see pre & post market trading in such a thinly traded issue; really, no justification for it other than stealthy accumulation or efforts by shorts to cover without stirring the water. Just say'in.....