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Sunday, 01/08/2023 6:48:16 PM

Sunday, January 08, 2023 6:48:16 PM

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A great analyst I follow (Chris DeMuth) says that PVBC is basically down in sympathy with Silvergate Bank, which had massive crypto exposure.

According to DeMuth, who has PVBC on his buy list, even if you write off all of PVBC exposure, which is probably overly conservative, as their loans are on crypto mining rigs, not to exchanges or crypto traders, the book value of PVBC is still over $8.00

The kicker is that PVBC was a mutual to stock conversion, but it is past the three year anniversary, so could be a buyout target, based on its regional strength.

DeMuth did very well for me in 2022, and I like his analysis.
I appreciate the kind words, 56chev, but I'm a free member here, so can't respond. Please feel free to post anything that contributes to the conversation.

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