Secure Capital Bank can’t seem to catch a break, with them being a victim of more robberies than ever. What does this mean for their shares?
You would think that this news would cause the stock to go down because of the headline, but that’s why it’s important to see the whole picture (or article, in this case). In fact, SCB’s stock is expected to climb because of the robberies. Weird, huh?
In a statement made by SCB officials, they claim that “it’s all part of the plan, and these robberies actually make us more profitable than if they wouldn’t have happened”, following with:
“The PR value is far too great, and if we look at the new customers and partnerships we’ve received we’re hitting new record highs”.
Sometimes, even losing looks like winning.