Stock thoughts: COAT, PNB


Possible catalyst for COAT? 🙂

More on COAT here:



PNB-ABC merger is done with this disclosure! 🙂

Details are in this disclosure:

Merger will be effective on February 1 or such date as may be agreed by PNB and ABC. (Article 1.2 of Amended Plan of Merger)

Understand the financial impact of the merger in the books of PNB here:

In my opinion, the best way to value PNB is through a liquidation-concern or book value multiple.


Read this article:

They are planning to close the branches that are near with each other which means we can expect sale of assets by PNB to contribute in generating the 15% ROE for 2013. PNB’s ROE target is very achievable.


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