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Post by shortcircuit on Nov 19, 2007 21:18:47 GMT -4
It really tanked today, $18.81 per share. Some of the local UCBI board members are probably getting nervous and rightfully so. They've probably lost more money in the past few weeks than some of us will make in our lifetime.
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Post by coosa on Nov 20, 2007 9:53:51 GMT -4
Well thankfully they have it to lose!
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AskTheWiseOldMan
Trail Blazer
"Justice denied to one citizen is justice denied to society as whole"
Posts: 566
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Post by AskTheWiseOldMan on Nov 20, 2007 16:14:34 GMT -4
A lot of our good people invested their retirement funds in UCBI, only to lose it in just over 6 months. And I don't think its at the bottom yet.
While market pressure may have a little bit to do with this, the bulk of the lost value is due to the Penland scandal and UCBI Management's incompetency.
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Post by sometimeman on Nov 20, 2007 19:07:58 GMT -4
Southern Company screwed a lot of folks with their Mirant venture! Why will a judge let a company go bankrupt with enough assets to pay the liabilities four times over?
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Post by shortcircuit on Nov 20, 2007 23:58:02 GMT -4
A lot of our good people invested their retirement funds in UCBI, only to lose it in just over 6 months. And I don't think its at the bottom yet. While market pressure may have a little bit to do with this, the bulk of the lost value is due to the Penland scandal and UCBI Management's incompetency. You're right, I have a theory that I haven't researched yet but I'd bet that if you check you will see that some of the top execs of the bank sold off a bunch of their stock before the "land scandal" was made public. UCB used to be a d**n good bank, before greed took over. |
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Post by shortcircuit on Nov 21, 2007 20:16:10 GMT -4
$18.68 per share. I sincerely hate it for the people who are losing their retirement over this.
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Post by summerose on Nov 21, 2007 20:56:02 GMT -4
Yes, that is sad news.
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Post by shortcircuit on Nov 21, 2007 21:41:36 GMT -4
Unfortunately it will probably go lower, most all banks are having hard times right now.
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Post by summerose on Nov 21, 2007 21:58:50 GMT -4
Yes, the interest on savings accounts and cd's is pitiful.
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Post by coosa on Nov 22, 2007 11:42:21 GMT -4
No one should put all their retirement funds into one stock.
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Post by shortcircuit on Nov 22, 2007 12:27:39 GMT -4
Absolutely right coosa. Unfortunately alot of people thought they could make big bucks by investing all their money in UCB. Some of them got out in time and got rich and others stand to lose everything over it.
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Post by lightening on Nov 26, 2007 15:26:13 GMT -4
The stock is still down, down, down.
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Post by queenbee on Nov 26, 2007 17:29:56 GMT -4
That's why I bury mine in the backyard in a mason jar and play the lottery one time a month.
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Post by shortcircuit on Nov 26, 2007 22:48:10 GMT -4
You probably have a better chance of hitting it rich that way.
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Post by Justin Melick on Nov 27, 2007 16:51:51 GMT -4
It's up a little today so far. It opened at: 18.20 with a day low of 18.11 and a high of 18.66. The 52 week high is: 34.98 but the low is: 17.97.
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