CIB Marine Bancshares Inc (CIBH)

[XM ROCKS]

The new CEO has worked in the trenches as a commercial loan guy for many years. I think the reason we have had no earnings lately is because management is extremely cautious about going back to the good old days.....
I know the expenses lately has been to get rid of the crappy locations, right size the facilities, get out from under worthless deals. I think the Avenue Mortgage acquisition took a bit out of profits, along with the new facility remodel. The spreads on the loans will produce more profits one the interest rates improve. I have made a significant 5 year bet here, and we will get to profitability sometime soon. It takes money to make money, I think 2016 and 2017 will be the years we see some improvements......we shall see.