A Case of Almost out of the Woods
Thankfully, new leaders in the driver's seat appear to be steering this one-branch bank along a more auspicious path, suggesting SLRK's current trading price of 71.5% of book value is wonderfully cheap. If I am correct, book value will soon exceed $7 and investors will pick up at least 60% as Solera makes the rest of its way out of the woods.
Disclosure: As of this posting, I own shares of SLRK and may subsequently either dispose of them or purchase more.
Although much larger than Solera, each of these regional players has a minor presence in Jefferson County, CO compared to Solera's #6 place in this neck of the woods.
BOK Financial, Tulsa, OK (BOKF)
CoBiz Financial, Denver, CO (COBZ)
Zions Bancorp, Salt Lake City, UT (ZION)
†as of 03/31/2015
Michael D. Quagliano, Chairman
Robert Jay Fenton, President and CEO
Melissa Larkin, Senior VP, Secretary and CFO
As a shareholder, I'm excited to be on the Solera wagon right now, because: