Columbia Capital Corporation-Computerized Banking (CLCK) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brenda L. Greer who wrote (445)	7/25/1998 1:49:00 PM
From: Jeffrey L. Henken	Read Replies (2) of 1020

Well Brenda I guess we will be hearing soon exactly what is to become of BestBank. There can be no doubt that holding any stock is full of inherent risks. I try to look at situations like this with the positive attitude of a contrarian. There is much less risk of CLCK falling from 3 11/16's than there is from 5 3/8's and a heck of a lot more potential for reward. The FDIC hopes to reopen the bank on Monday. I think the government was well aware of what was going on at BestBank and has already got a buyer. It's very likely that this will be handled in a fashion that will do no harm to Columbia Capital. In fact it may just be a very good thing but only time will tell. Fortunately I don't think we will have long to wait. The FDIC hopes to open the bank on Monday. I certainly feel bad for those who panicked out yesterday. Greed and fear are two reoccurrent themes in every investors life. Selling CLCK because they did business with a bank that has temporarily been shut down while the business changes hands would have been an unfortunate mistake. CLCK is guilty of nothing. The FDIC is aware of this fact. I believe the FDIC will make every attempt to be certain that neither Columbia Capital nor the customers of BestBank are punished for whatever transgressions that proceeded the temporary shutdown of this banking institution. I choose to see this as a buying opportunity. I think we have a great company here with outstanding growth prospects. Certainly BestBank has been a large part of CLCK's growth to date but this company is much more diversified today than it was in 1997. That is a fact. It's also true that CLCK continues to process these accounts and will do so until someone says otherwise. Could that happen? Yes it could but chances are that CLCK will continue to process these accounts. If CLCK did not offer some tremendous advantages to the kinds of small to medium sized banks that would be interested in a bank like BestBank then why would they have been rewarded with the enhanced relationship they have established with PaySys. I'm waiting to see what happens with this situation, just like everyone else, but I am not tremendously worried because I feel the worst is already over. Regards, Jeff

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next