Battered & Thinly Traded Banks: So, I’m LongI do not know of their ”short interest,” so let us know, please,
if you findout.
These all are depressed penny stocks that can be
considered as lottery tickets/gambling, I concede.
Waccamaw, WBNK, Carolina coast, recently agreed to sell off
11 of its 16 branches to solvent bank. The intriguing to me deal is
scheduled to be closed apparently soon/this winter. Kicked off of NASDAQ, and it’s currently under 35 cents per share. With a name like Waccamaw, Williard Scott could invest some spokesperson jelly money & make me a wacky schmuck …uh… already?
GBNK: Guaranty Bank of Texas, Schwab rates it B* on descending scale ABCDF, which ain’t tripe. Current price around $1.40 a share.
I’m also for: Royal Bank of Pennsylvania which is under $2, and Flagstar under a 75 cents, and the regional Synovus, SNV, which
still owes TARP, while Schwab rates it B* and it’s currently approx
$1.60 per share & not thinly traded.
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Correction: Charles Schwab rates SNV, Synovus, a C* (not B*)
and, btw, the share price is up two cents at about 11:00am,
Monday, 1-9-2012. “Penny-Banks” generally seem to be knock-wood
slightly bullish, and if I’ve cohened a ludicrous piggy bank play pun phrase,
then Merriam Oxford Webster Funk Cambridge Wagnalls Dictionary, don’t debit
damnit
An oops/error correction is favorable for the stock:
GBNK is rated as B and not as B*
Schwab’s analyst apparently likes more about the approx buck and half
bank stock than others. I quickly dropped-out of freshman accounting, while I’m glad that somebodies endured. “They say” analyzing banks gets complicated,
because, apparently, of that alleged flaw of not marking to market/re-evaluating the collateral. When ya get into bank stocks, a short cut of an informal bank analyst is the “Texas ratio,” I think they call it.
Subj: Lotto like bank gambles, there are dozens if not hundreds of ’em, and this is our
1930s of “buying low,” I suppose, and so–do not play–this lottery scratch-off:
CBCR, Capitol Bancshares, closes at apprx 16 cents Friday Jan 13th, hdqs at Lansing, Mich, and has interests of give/take twenty-six inter-related banks,
aka insecure/chaos aka typically hellaciously scary commercial & drowning residential loans. Thus, this newspaper article re another mega powerball aka sucker play:
http://www.azcentral.com/business/articles/2010/12/27/20101227capitol-bancorp-survive.html
I’m not posting a perfect referral about every hurting
obscure bank, though here is perhaps the most
prudent appraisal that is internet accessible.
These criteria metrics aren’t the be all to end all:
If your own cruddy bank holding is not on this s list, that does not
necessarily mean you’re out of the burning/insect eaten/”fungused”/
(winter) tornado damned decline, and hopefully versa-vice-a in my case
in this tread including the battered Synovus etal.
http://www.thestreet.com/stock-market-news/11311894/undercapitalized-banks–nov-15-2011-mil.html