tag:blogger.com,1999:blog-2149523431587168680.post6692516288364859017..comments2024-01-16T00:12:23.220-05:00Comments on Oddball Stocks: An Old Oddball Stocks Idea Has Its Day - Sale of Sunnyside Bancorp, Inc. ($SNNY)Nate Tobikhttp://www.blogger.com/profile/05660387777171986124noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2149523431587168680.post-24843647070572614302021-03-22T18:08:50.140-04:002021-03-22T18:08:50.140-04:00It did well in that it made a modest return over a...It did well in that it made a modest return over a long period, with that return very heavily weighted toward the last few weeks. <br /><br />It did not do well in that over the '14-present holding period, it underperformed the SPY and IWM ETFs by quite a bit, and with vastly lower liquidity.<br /><br />Also, the current takeout price is ~10% below what it was trading for in Q4 17. The real lessons are maybe that when a junk bank trades above book, it's time to sell, and that while cheapness in the long term protects downside, it also amortizes to not that much upside. ADLhttps://www.blogger.com/profile/11578314123744054067noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-26108549685648666232021-03-19T23:52:53.737-04:002021-03-19T23:52:53.737-04:00Are we to believe no one else at the bank under 55...Are we to believe no one else at the bank under 55 was interested in or qualified for the top job? From where I'm sitting sounds like more Boomers and their sh*t... happy to collect a huge salary as CEO, then when it's time to retire/move on, burn the seed-corn by selling out and collecting one more payday.AllanFnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-29023170113230708322021-03-18T10:35:41.331-04:002021-03-18T10:35:41.331-04:00CEO retirement is most likely cause for sale. Also...CEO retirement is most likely cause for sale. Also seems a bit frothy in the bank merger market now. I think they got pretty good offer for what is being sold.Anonymousnoreply@blogger.com