INBK
They had a CC after the close of business yesterday. They first talked about how the deal was held up by the regulators. Apparently The deadline on the deal would of passed, apparently the company they were acquiring wanted a ton more, in fact INBK I believe offered 85 Million over 80 Million they originally offered apparently still to close the deal the company wanted waaaaaaaaaay more so they let the deal fall through. To be fair I agreed with the idea of letting the dail fall through.
They talked optimistically, and they said they are targeting $6 in fy 23. Nice to see them say it instead of me. They also said they plan to start buying back shares like a drunken sailor if the stock stays under book value especially, as they believe INBK shares is the most attractive investment. Although they do say they are seeing plenty of opportunities everyday as well. So all in all I like the fact that they had a CC to explain why the deal didn't go through, talked about the opportunities to buyback there own shares, talked about $6 EPS in 2023. I thought the company Was very optimistic, just thought I would share my take on what I thought of the INBK CC. All is just my opinion, and I could always be wrong though.
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