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56Chevy

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56Chevy

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Re: 56Chevy post# 24

Thursday, 09/18/2014 4:06:15 PM

Thursday, September 18, 2014 4:06:15 PM

Post# of 56

Currently Mr. Market has the bank priced at $2.60 and selling at a full 37% discount to TBV.

Oopps..I just noticed that my post in July was a typo...the actual P/B discount at that time was 27%...not 37%.

The good news is 2 months later the P/B remains attractive at a 25% discount for anyone building a stake on a healthy, growing and geographically well situated bank.

...can a merger be far off??

Marker:
Pan Pacific Bank (fr (PPFC)
$2.65 up 0.05 (1.92%)
Volume: 1,000



If liabilities are greater than assets, the business is insolvent. Knowing the structure of those liabilities is where to make your money. -- EI2010

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