Replies to post #4737 on CIB Marine Bancshares Inc (CIBH)

[gumzsa]

At this point it doesn't matter the pps is way too low and management doesn't seem to be too concerned about it.

[56Chevy]

Community bank consolidation has been neither hot nor cold in 2015. It's on average with the previous 3 years.

CIBH shareholders are their own worst enemy. The pps has been far too high for far too long. The pps wasn't based on sound financial valuations it was artificially held up. An acquiring bank would never pay over 3 X book. Aside from it being a terrible financial decision Bankers can, and do, get sued when they do things like that.

Banks are not like the Tesla's or the Amazon's of the world wherein investors can pay for thin air. Substance and reality matters with banks more than any other industry on Wall St.

There may have been several suitors knocking on CIBH's door looking to do a deal...I have no doubt there were...CIBH would be a nice addition to another banks stable... but the pps imo was a hurdle they weren't willing to jump. I don't blame them.

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