Monday, August 26, 2013

BNCC Update

A while back, I started covering BNCCorp as a result of some "whispering" I heard regarding the company's mortgage banking operations.  My opinion was, basically, that this was a fairly risky investment based on the low volume of shares traded and that a valuation of the shares would likely show that the stock would not provide a high enough return given the liquidity risk.  I didn't publish that article because over the last couple of days, the volume is up significantly at about 10 times the average and it at least looks like someone is accumulating shares.  I don't really know why that would be happening now, since the latest quarter wasn't terribly impressive in my opinion.  For the time being, I'm keeping an eye on this stock.

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