Replies to post #85 on First California Financial Group (FCAL)

[vpagano]

True, and I agree. Here's what I was mulling over:

Banc Funds and Castine both hold predominantly financials and if you look at the banks they own, you could easily see a few that would want to buy FCAL. So,

1) If FCAL was sold here to one of those banks, they would quickly get both a return on their FCAL investment plus at a reasonable price (or even less reasonable since it'd be a zero-sum trade anyway), it could boost the returns to that purchasing bank.

or

2) FCAL is sold to another bank NOT held by them. They still get a return on their investment and quickly.

or

3) FCAL doesn't sell and they hold it on its own promising investment merits (like us).

Not a bad spot for these funds to be in as I see it.