Colonial BancGroup, Inc. (CNB)

funkyanimal (83.24) Submitted: 6/23/08 1:39 PM : Start Price: $4.45 CNB Score: 63.91

Hmmm let's see. Price/Book is .33 Price/Tangible Book .7 and HMMM HMMM Cash/Share is $2.50.





I don't care who they are regulated by because there is only one way to calculate Tier1&2 capital and that # is still over 11%.





They would have to write-offs (NOT PROVISION OR DEFAULTS) near 25% of there loan portfolio to have this sort of impact baked into this stock.





I don't know, guess I'm just crazy, but this is a insanae discount on a "well capitalized" bank.

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