- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
First NBC Bank
Posted on 8/15/16 at 9:13 pm
Posted on 8/15/16 at 9:13 pm
I have about $5,000 of stock in First NBC Bank in New Orleans. They were a great buy with positive growth. The stock has been down as of late do to their annual report issues. I am ready to sell my stock and take the hit but I keep hoping they will bounce back or be bought out by another bank. They were growing so fast but now the stock is down and they are at risk of being delisted from the stock exchange. Should I sell or keep it?
LINK
LINK
This post was edited on 8/15/16 at 11:07 pm
2
Posted on 8/15/16 at 10:32 pm to GeauxTigers1983
I have no insider info nor do I know what is causing their regulatory filing delays.
However just last week it was disclosed in the Baton Rouge paper that they have filed a lawsuit against a Baton Rouge commercial developer for not paying interest or principle on a fairly sizeable loan. The numbers were quite big.
The developer is a politically connected guy who wanted to develop the Mississippi River commercial park next to Hollywood Casino near downtown. It's about 3 years past due getting started.
However just last week it was disclosed in the Baton Rouge paper that they have filed a lawsuit against a Baton Rouge commercial developer for not paying interest or principle on a fairly sizeable loan. The numbers were quite big.
The developer is a politically connected guy who wanted to develop the Mississippi River commercial park next to Hollywood Casino near downtown. It's about 3 years past due getting started.
Posted on 8/15/16 at 10:52 pm to LSURussian
quote:
However just last week it was disclosed in the Baton Rouge paper that they have filed a lawsuit against a Baton Rouge commercial developer for not paying interest or principle on a fairly sizeable loan. The numbers were quite big.
The developer is a politically connected guy who wanted to develop the Mississippi River commercial park next to Hollywood Casino near downtown. It's about 3 years past due getting started.
Q: This development is never gonna happen for $1,000
A: What is Rouzan.
Posted on 8/16/16 at 11:23 am to GeauxTigers1983
From public information out there, and included in your link, they are going to restate 2013 and 2014, which is causing also a delay for 2015.
I know they grew very fast through acquisitions and it may be that some of the numbers they used are bad.
The people running that bank are very smart and have success in the banking industry. Quite simply they grew too fast.
I know they grew very fast through acquisitions and it may be that some of the numbers they used are bad.
The people running that bank are very smart and have success in the banking industry. Quite simply they grew too fast.
Posted on 8/16/16 at 11:36 am to LSUFanHouston
quote:
Quite simply they grew to sell.
FIFY
I don't think Friday's letter helped too much.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News