Savvy Trades and Investments

[SSKILLZ1]

CBBI

The deposits decline was out of whack. Deposits have been around flat to slightly up sequentially for most regional banks. These Guys the deposits declined 6.4% sequentially not annually. Sequentially. I haven't seen too many banks that have had deposits drop 6.4% sequentially that is an insane drop in my opinion. I get the acquisition target thing, but that is not a reason to invest in it. Wouldn't be surprised if earnings are in the .30's in a couple of quarters. Before this quarter I thought they would do about $2.50 over the next 4 quarters, now I think in a couple of quarters they will be annualizing at $1.50 at best. But more important than anything that put me in a state of panic when I seen the numbers this morning was the drop in deposits that was outrageous for a sequential drop in my opinion.