Replies to post #4742 on CIB Marine Bancshares Inc (CIBH)

[XM ROCKS]

The new CEO has worked in the trenches as a commercial loan guy for many years. I think the reason we have had no earnings lately is because management is extremely cautious about going back to the good old days.....
I know the expenses lately has been to get rid of the crappy locations, right size the facilities, get out from under worthless deals. I think the Avenue Mortgage acquisition took a bit out of profits, along with the new facility remodel. The spreads on the loans will produce more profits one the interest rates improve. I have made a significant 5 year bet here, and we will get to profitability sometime soon. It takes money to make money, I think 2016 and 2017 will be the years we see some improvements......we shall see.

[56Chevy]

I gave you a number in private but for everyone else it was less than a quarter @ share.

Earnings per share for the first half of 2015 was less than a penny (or basically $0.00). This year was worse than last year ...and the year before that!

Can anyone tell me how you defend that? I'm all ears.

Based on performance paying .40 cents (or more) today is paying more then double what the bank is worth.

Is this the NFL wherein we are completely devoted fans win or lose?? Wall St is based on performance. CIBHs' performance has been atrocious. horrible. pathetic...and the excuses for the lack of earnings have become threadbare.

Stop looking at this bank like it's a little girl in a princess costume. I'll guarantee you large investors don't view it that way ...and any potential acquiring banks damn sure don't.

Sometimes things have to go backwards before they can go forward.

I want everyone here to win and win big but after 2 years of artificially jacking up the price to each other it's time to realize that that strategy doesn't work and to stop rewarding failure.

No earnings no rewards. CIBH would have to make in the neighborhood of $1MM in a quarter to garner respect...anything less is mediocre and should not be rewarded.

There was a recent change of CEO. Hope springs eternal.

*Full disclosure: I don't own 1 share of CIBH and don't plan to.

**Why do I care? I have received PM's for over 2 years about this bank from several different people asking what I think. It was time to say it publically.