BNCC.. $12.75 I believe that BNCC will start deploying assets from areas other than ND and will use the growth in ND to allow them to sell other assets sometimes lower than asset values..
Bad debt and mortages from lower score cients are/will be the primary sales.. Loans outside of ND will be limited to only high score individuals and I think commerical loans will be given only to exsting high score customers..
The Ins. settlement will/gave BNCC a new lease on life and the deployment of assets has wetted the profit motives of bank management to concentrate in areas of growth and secure loans.. IE Nd..
This transformation will take at least 9 to 12 Qtrs. of immposible comps. to better.. The last release was in my opinion the start of this change in the loan habits of BNCC.. .. The bank will emerge much stongr but IMO will take at least 3 years to exceed the latest years earnings.. That was why at this level for the time being I feel at around the $13.00 BNCC is fully priced and except for the buying it's footprint by another bank.. I look for a merger /takeover now at only a 15% chaance.. GLTA,, hank
Hank
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