written by reader Battered & Thinly Traded Banks: So, I’m Long

By robtcohen, January 9, 2012

I 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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