Triffen, I do not expect SVRN to go to $30 tomorrow, but would be great if it did. Like you guys uncovered, the florida bank may be false hope.
Maybe there is some validity to the i-net model at conflict with the existing model. But on the other hand, they have strong backoffice and strong technology/communications. What is the marginal cost for supporting i-net??
Also, I do not think they focus much on deposits. They are a sales machine. Small business services, carloans/leasing, mortgages, 2nd mortgages, credit card (use to have a tax deductible credit card), etc.
Finally, I am betting on the jockey (JSidhu). He can execute.
He is a very convincing salesman. I guess we will see how the analyst feel tomorrow.
If we see upgrades, concurrent with the market internet hype, people will want in. They have a strong stockholder base as well. These folks will hold and probably buy more.
IMO |
