CIB Marine Bancshares Inc (CIBH)

[pnnymn]

CIBH is a sleeper stock. Not very many are onto the potential here.With some 80 million in tangible assets and a financial statement better than what they have seen at least in the last 3 years.They lost 9.3m. For 2009 however, they had 230m cash, 0.7m asset, 0.6m liabilities, and 85m equity. They did lose around $32m for the year (if I take out the big Q4 gain and assume based on Q1 2010), but now they are aiming to be profitable (which they rarely have been), with cash levels at 2004 levels and much stronger shape than 2006.

They have not diluted 1 share - this is the same share count as back then. Bottom line, patient players, there is no reason this can't get back up to those levels. It is fairly worth $4.50 right now and historic says there is no reason it can't get back there.

Looking at the numbers 2004 on, you can see why they were destined to go BK, but they have cleaned this up very impressive. 10 bagger this year certainly possible.