A Case of Being in a Better State

Of course, now I have to state my case: I see FMBE's earnings reaching 70¢ a share and book value surpassing $7 in three years, making it likely the stock will trade at $10 and deliver a healthy return for today's investor. Were FMBE to sell today, it could get $9-10.
When holding out a few years doesn't get the stock to a much better state than it can obtain today, I say management should sell.
Disclosure: As of this posting, I own shares of FMBE and may subsequently either dispose of them or purchase more.
Prospective Buyers | Farmers & Merchants Bank has more great options for a mutually lucrative M&A transaction than any community bank I have seen in quite some time. All five of these banks have holes in their branch networks FMBE would fill nicely:
Bank of the Ozarks, Little Rock, AR (OZRK)
Fidelity Southern, Atlanta, GA (LION)
South State Corp, Columbia, SC (SSB)
State Bank Financial, Atlanta, GA (STBZ) United Community Banks, Blairsville, GA (UCBI) | ||||||||||||||||
Financial Snapshot
†as of 12/31/2017 |
*Adjusted to exclude one-time Deferred Tax Asset (DTA) charge Q4 2017 | ||||||||||||||||
The Crew
| Gary Davis, Chairman Charles Ricky Nessmith, President and CEO William Brett Morgan, Bank President and CEO | ||||||||||||||||
The Skinny
| Why I'm pleased with FMBE's current state:
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Sources |
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