So I was a little early in calling for a CACB bounce (I almost always am). But now the stock has, indeed, reached my original projected range. Below is an update of the chart I posted back in October:
The stock has found support here but I’m waiting to see the company’s annual report before consulting my crystal ball again.
However, the larger question bouncing around in my brain right now is this: “If the stock market is a forward-looking mechanism/organism, what does it say when Central Oregon’s largest regional bank sees it’s stock decline over sixty percent?”
It almost feels like a movie; this recent storm feels foreboding….