Has sured up over 200 mil cash liquidity, this bank has strengthened itself for future growth, and expect management to seek a person with high credentials and performance to take over>The commercial Real estate lending, as doug French in my opinion got the kind boot with a resignation. Now the first quarter was tough, but the bad news is out, and as the company rebounds so will the stock price. This was 25 not to long ago, is completely oversold based on assets vs shares out, should be easily in the 10-15 range currently. With a pe of 8 and only 15 mil shares roughly out, this one wont stay down long. The chart screams oversold as well, stock bounced from 2 to 5 in 2 sessions recently, expect next short term bounce to be much higher and think in a year or two this stock could be trading well over 25 again.
Silver State Bancorp Announces Resignation of Douglas E. French, Executive Vice President
Friday May 23, 9:00 am ET
LAS VEGAS--(BUSINESS WIRE)--Silver State Bancorp (Nasdaq: SSBX - News) today announced the resignation of Douglas E. French, Executive Vice President of Commercial Real Estate Lending, for personal reasons.
http://biz.yahoo.com/bw/080523/20080523005105.html?.v=1
$3.23 (05/19/08)
