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:
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….