RE: RE: You're right about correlationMy apoligies. Sincerely. No bashing intended. I just get a little hot under the collar when something that has been crap for so long finally shows signs of life.
It is good to have differing opinions on the board. My hatchet is buried.
Please don't mistake me as a cheerleader for CA Bancorp. I bought in originally at a way higher price than current. I averaged down aggressively over the past year on the basis that this would be a liquidation / wind up or takeover target. I've had to work hard at turning this into a winning position.
I blame much of the current plight of this stock on the markets in general as opposed to management specifically. Of course they could have done a better job. No doubt about that. But I knew what I was getting into.
In any case, the basis of my arguments revolving around this stock are based on a book value thesis - Supported by comparable stock valuations (in so much as they can be found) and my own experiences in strategic transactions in both public and private markets.
I'm looking for at least $1.80 out of this stock - Sooner or later. I'm not in a hurry at this point.
Good luck to all - And don't tender those shares!