A Case of a Sour Note in a Sad Tale
Like Grimm's Bremen Town Musicians, Bremen Bancorp has clearly outlived its usefulness. If only it would be as wise, and leave the work to fitter hands, too! If this farm can get a premium to book value in a sale, then Shareholders should be able to reap a reasonable harvest and double their money once the animals have gone. Is it too much to hope that Fruend will pick up his instruments and titles and retire happily elsewhere like the original Bremen Town Musicians?
Disclosure: As of this posting, I own shares of BBIM and may subsequently either dispose of them or purchase more.
Prospective Buyers | Enterprise Financial Services, Clayton, MO (EFSG) Pulaski Financial Corp, St. Louis, MO (PULB) Southern Bancshares, St. Louis, MO (private) | ||||||||||||||||||
Financial Snapshot †as of as of 09/30/2014 |
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Scoundrels | Carl J. Fruend, Chairman, President, CEO Charles W. Nobe, Treasurer O. William Wing, Senior Vice President | ||||||||||||||||||
Red Flags | Notes I find particularly SOUR in this band's song:
Things I find a bit SAD in this band's tale:
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