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Re: Bebay post# 41

Friday, 04/23/2021 1:43:09 PM

Friday, April 23, 2021 1:43:09 PM

Post# of 46
Probably the easiest layup in the decades I've been investing. Century Bank, which it will acquire after regulator approval, just announced record earnings.

EBC now over 21. My target is at last 22 in near term, and any downside move will just be profit sharing, with plenty of demand.

The $1.8 B they raised in the IPO is just there to buy the earnings of other banks that fit their model. In other words, there is no need to take on debt or to issue stock for these cash pruchases. Over $1 B still available after the Century deal closes.
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