the problem with indymac was, the bancorp was left alone, and the bank was bought out...based on speculation that the bancorp was being bought out it went from 3-17....the only reason indymac bancorp still traded is because they are still in court fighting over assets which belong to the bancorp, and not the bank.....
the only way for this to go up is, if we can see the net operating loses (NOLs)for the last 5 yrs, see how much they are worth....becuase these still belong to bancrop, not the bank....if these are worth alot, then some one may buy out the shell (bancorp) to retain the net operating loses...basically getting tax free income....i dont know what our NOL's are worth, and we are worthy of a buy out...you never know...lots of banks are in this postion wamu, lehm are just to name a few... lets see what happens.....