OTCMKTS: MCHB (Mechanics Bank of Walnut Creek)

Sounds like a really violent Western movie, but how does a stock justify such a whopping asking price and maintain it? Crazy valuation considering their assets are only $3.5b

Perhaps an area of the stock market I need much more education on. Makes me think of Lindt, only I can understand Lindt’s valuation… they’re wonderful!

the balance here is probably due to them not increasing the number of shares available despite the funds and valuation growing over time. would have to check around quite a bit to see if the available shares actually decreased for a period before 2020 or if they were just THAT profitable :open_mouth:

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Ah right, yes, didn’t think of that, although Tradingview shows it as beginning in 1997 at a price of $10,509…