Is UCBI doomed?
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Lived there

Young Harris, GA

#1 Nov 16, 2010
1.25 -0.14‎ (-10.07%‎) Nov 15 4:00pm ET
1.20‎ -0.05‎ (-4.00%‎) After Hours

Open: 1.41
High: 1.43
Low: 1.10
Volume: 0
Avg Vol: 894,000
Mkt Cap: 117.90M
huh

Lawrenceville, GA

#3 Nov 16, 2010
can you pls explain this in layman terms? I have no idea what any of this means?
Lived there

Young Harris, GA

#4 Nov 16, 2010
huh wrote:
can you pls explain this in layman terms? I have no idea what any of this means?
It means the stock (ownership/shares of the bank) is in a nosedive and no one will buy it even at $1.24 per share. Don't worry, be happy: your FDIC insured account(s) is perfectly safe.
Lived there

Young Harris, GA

#5 Nov 16, 2010
It's up .10 cents to $1.37 on heavy volume so far today.
MRPUBLIC

Clayton, GA

#6 Nov 16, 2010
Lived there wrote:
It's up .10 cents to $1.37 on heavy volume so far today.
Closed at 1.35 with 3.6 million shares sold. Something not right though. All the other banks lost ground. Someone is shoring up the stock but that can't go on forever.
kinda makes you wonder

Jefferson, GA

#7 Nov 16, 2010
MRPUBLIC wrote:
<quoted text> Closed at 1.35 with 3.6 million shares sold. Something not right though. All the other banks lost ground. Someone is shoring up the stock but that can't go on forever.
The stock was a "strong sell" on most web sites I checked this AM.
Kinda makes you wonder
Take over

Cornelia, GA

#8 Nov 17, 2010
MRPUBLIC wrote:
<quoted text> Closed at 1.35 with 3.6 million shares sold. Something not right though. All the other banks lost ground. Someone is shoring up the stock but that can't go on forever.
Everything I have seen and heard would tend to make me think they are about to be taken over. Not by the feds but another bank. Heard a few names kicked around. It would be nice to have a real bank in the area.
Income sucks but ratios are still strong so a Fed move is out of the question. I say a big bank steps in and shows The current leadership or lack of the door. UCBI will never see 2011 without a hostile takeover.
huh

Lawrenceville, GA

#9 Nov 17, 2010
Take over wrote:
<quoted text>Everything I have seen and heard would tend to make me think they are about to be taken over. Not by the feds but another bank. Heard a few names kicked around. It would be nice to have a real bank in the area.
Income sucks but ratios are still strong so a Fed move is out of the question. I say a big bank steps in and shows The current leadership or lack of the door. UCBI will never see 2011 without a hostile takeover.
could it be the same bank that took over BOH? pls keep me informed...this is all new to me
Lived there

Young Harris, GA

#10 Nov 17, 2010
MRPUBLIC wrote:
<quoted text> Closed at 1.35 with 3.6 million shares sold. Something not right though. All the other banks lost ground. Someone is shoring up the stock but that can't go on forever.
3,534 (you just had three too many zeros in there ;o))shares were traded yesterday and the share price remained unchanged @$1.35 from the day before.

FYI: http://www.marketwatch.com/investing/stock/UC...

and

http://www.marketwatch.com/story/small-banks-...
cal66iber

Augusta, MI

#11 Nov 17, 2010
Take over wrote:
<quoted text>Everything I have seen and heard would tend to make me think they are about to be taken over. Not by the feds but another bank. Heard a few names kicked around. It would be nice to have a real bank in the area.
Income sucks but ratios are still strong so a Fed move is out of the question. I say a big bank steps in and shows The current leadership or lack of the door. UCBI will never see 2011 without a hostile takeover.
Ultimately their future rests in the hands of the federal revere. you know , the big boys . The fed owns all banking . that's the "real world" .
cal66iber

Augusta, MI

#12 Nov 17, 2010
Did you

Hiawassee, GA

#13 Nov 17, 2010
cal66iber wrote:
<quoted text>Ultimately their future rests in the hands of the federal revere. you know , the big boys . The fed owns all banking . that's the "real world" .
Did you mean Paul Revere, Dumbo? There exists no "federal revere". Tell us more about your "real world" in which "The fed owns all banking ." In my world, planet Earth, no one and no institution owns all banking.
Lived there

Young Harris, GA

#14 Nov 17, 2010
$1.50 today. Paying .77 cents dividend.
huh

Lawrenceville, GA

#15 Nov 17, 2010
Lived there wrote:
$1.50 today. Paying .77 cents dividend.
i thought they got bail out money already and now they are going belly up? i don't get it. do they have any foreclosures to sell? and are they really a good price?
cal66iber

Augusta, MI

#16 Nov 17, 2010
huh wrote:
<quoted text>
i thought they got bail out money already and now they are going belly up? i don't get it. do they have any foreclosures to sell? and are they really a good price?
LOL who gave them bail out money ? why we did ! thanks to the imaginary federal reserve ! We are the only country in the world where failure is rewarded ,some here call it the "real world "
cal66iber

Augusta, MI

#17 Nov 17, 2010
Austrian School

Another explanation comes from the Austrian School of economics. Theorists of the "Austrian School" who wrote about the Depression include Austrian economist Friedrich Hayek and American economist Murray Rothbard, who wrote America's Great Depression (1963). In their view and like the monetarists, the Federal Reserve, which was created in 1913, shoulders much of the blame; but in opposition to the monetarists, they argue that the key cause of the Depression was the expansion of the money supply in the 1920s that led to an unsustainable credit-driven boom. In the Austrian view it was this inflation of the money supply that led to an unsustainable boom in both asset prices (stocks and bonds) and capital goods. By the time the Fed belatedly tightened in 1928, it was far too late and, in the Austrian view, a significant economic contraction was inevitable. According to the Austrians, the artificial interference in the economy was a disaster prior to the Depression, and government efforts to prop up the economy after the crash of 1929 only made things worse. According to Rothbard, government intervention delayed the market's adjustment and made the road to complete recovery more difficult.[29]

We just had a huge increase in the money supply ,whats next is inevitable. Better sell your stock and buy some chickens .
pie hole

Jefferson, GA

#18 Nov 18, 2010
cal66iber wrote:
<quoted text>LOL who gave them bail out money ? why we did ! thanks to the imaginary federal reserve ! We are the only country in the world where failure is rewarded ,some here call it the "real world "
I should have known you would drag up the Austrian School sooner or later. But what I don't understand is how you have missed that almost every country in the world has had a "bailout" of some sort, thue rewarding mass failure. Some countries were and are in worse shape than the US, even though we with our lack of controls on the financial side caused this mess. Speaking of a mess, get your head out of your pie hole!!
cal66iber

Augusta, MI

#19 Nov 18, 2010
pie hole wrote:
<quoted text>
I should have known you would drag up the Austrian School sooner or later. But what I don't understand is how you have missed that almost every country in the world has had a "bailout" of some sort, thue rewarding mass failure. Some countries were and are in worse shape than the US, even though we with our lack of controls on the financial side caused this mess. Speaking of a mess, get your head out of your pie hole!!
my pie hole is your best chance you have for learning something , no need to thank me , most experts agree the Austrian school is correct ! I see you cant debunk it ! pie hole dose not count
bee bop boom

Lawrenceville, GA

#20 Nov 19, 2010
cal66iber wrote:
<quoted text>my pie hole is your best chance you have for learning something , no need to thank me , most experts agree the Austrian school is correct ! I see you cant debunk it ! pie hole dose not count
i got me some pie this morning
Rumor has it

Blairsville, GA

#21 Nov 19, 2010
BB&T looking to purchase UCBI....

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