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Re: Enterprising Investor post# 69

Wednesday, 12/25/2013 9:38:56 AM

Wednesday, December 25, 2013 9:38:56 AM

Post# of 90
Anticipated it to be a hidden asset - one I refused to abandon despite trading below $6 per share last May.

Why?

Private Equity is your best friend when it comes to banks. While most infusions may seem overpriced to the untrained eye, overcapitalization allows the bank to add-on without having to go back to the well.

Consolidation is coming soon to your neighborhood.

BNCN is a very active player, having now made ten acquistions. The bank's market value has increased from $14.56 to $16.89 since its last deal was announced.

You ask, "Well how does this impact COB?". COB is up just slightly over 10 percent over the same period of time ($11.74 to $12.93).

The race is one to create a new regional bank based in North Carolina.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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