CARV - Dream Chasers raises its offer to $3.25 per share for 35% of Nasdaq listed Carver Bancorp symbol: CARV | Benzinga
NEW YORK, Nov. 20, 2023 /PRNewswire/ -- Dream Chasers Capital, Carver Bancorp's largest minority shareholder, encourage investors to call and email the bank to accept its improved $3.25 per share offer-an over 100% premium to the current stock price.
A public company's stock price and market capital is a reflection of how the markets sees you. It's what they think you are worth. It's an indictment of management.
Carver Bancorp, the largest African American bank in the U.S, has a stock price of $1.47 share and a market capitalization of $7 million.
Much like your favorite professional sports team, coaches and general managers are hired and fired based on their ability to deliver results. Very rarely do non-performing coaches and general managers get to keep their jobs for years if they have not delivered for the fan base.
Over the past few years, under current management, the bank has been losing money, losing deposits, over concentrated in commercial real estate and has a stock price down over 80% for many shareholders.
Management has not delivered for its fan base, namely: shareholders, depositors and the communities of color it serves. We encourage shareholders—retail and institutional—to demand a change of control. ...