In the News: Professor John S. Walker
May 10, 2012
KUTZTOWN, PA - In an article about Customers Bancorp and its recent move to cancel its initial public offering, the Reading Eagle quoted Kutztown University Professor of Finance John S. Walker. Walker offered analysis of the skepticism in the investor market that might have led to investors rejecting the proposed share price of $13-$15.
"John S. Walker, finance professor of the College of Business at Kutztown University and a chartered financial analyst, said the decision to pull the IPO based on the sentiment of the institutional investors indicated that they are looking at the current earnings per share, two previous years of losses (because of acquisition costs) and the assumption of future growth in the community bank sector, which is filled with uncertainty.
"Evidently, they felt the $13 to $15 a share was too rich," Walker said."
Read more: Sidhu says IPO pulled because of investors (Reading Eagle)