A few high volume highs for the last trading of the week. The first is DK, which is up on no apparent news. This could be a short squeeze move, or it could be someone knows something. There is also VCBI, a Virginia banking concern that is apparently putting itself up for sale. The stock is trading at 1.3x book or 1.4x tangible book. Now I have looked at the take out multiple for banks in some time- so take this next comment with a grain of salt- but I do remember take-out multiple for banks North of 2x tangible book. There still could be some upside to VCBI. I am going to have to check on the more recent multiple. Last, there is GGC.The stock was up after shareholders approved the a new stock offering to fund an acquisition.
No comments:
Post a Comment