IBCP 6$ next week,10$ within 2 months.THAT is what i see based on last days momentum, volume,moving averages holding, squeeze is on way as stock has definitively caught traders/investors attention who can play with whole OS every week and have more Dollars than the market cap of the bank.
Funny, i'm not very good when to undertstand accurately the financial of a company ...
But so what i read is funny : The bank manages assets in the 2.5 Billions like tons of other bank. Its losses reduction pace is very good by getting rid of non-performing loans.
I Read that when ibcp at 1.5$ is worth 1/3 of book. and better bank be can have this value up to 1.5 of book (5 times more than ibcp).
I read that IBCP has 400-500 Millions of cash & equivalent.
I saw that IBCP had market cap only 10 Million (when pps 1.5$)
All they need to satisfy is TARP money like all small banks.SO they talk about recapitalisation , and need in the 70 Millions(maybe a little more?) of new funds for that.
I don't understand, for such a small fundings, why poeple are seeing it as difficult to get,of course with all that scary Credit crunch we had in 2008.
What the hells is going on, unless i don't know about hidden issue or i am simply a morron who know nothing .
A bank with very reduced and cleanED asset of 2.5 Billions,killed market cap 1/3 of book. AND Cash & cash equivalent in the 400-500 Millions?? Dang all other bad banks have Mkt cap a little higher / book and They HAVE a FRACTION of ibcp Cash and Cash equivalents!
Something weird and Not Right about IBCP depressed pps. The most killed Bank is now appearing to be One of the Best to survive and thrive now? a matter of weeks and months only and poeple should find out confirmation?
The reason I need Good DD's :
