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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (38361)6/25/2010 4:19:28 PM
From: E_K_S   of 78680
 
Got my fill to my starter position for HFBC. Stock goes xdividend Monday June 28, 2010 in the amount of $0.12/share (a 5.25% yield).

This is my first Bank "buy" (other than NYB) in years since I bought Washington Mutual in 8/2007 for $34.00/share. WAMUQ stock now trades on the pink sheets at $0.18/share.

Hopefully, the assets disclosed by HFBC are accurate and their secondary offering will provide them the capital cushion to slowly build their franchise. I do like Paul's thinking that HFGC may benefit from the Balken shale build out as some of that infrastructure money (as well as mineral right royalties) may trickle into HFGC.

I plan to hold my few shares collecting the dividend and may consider selling in the $12.00 to $12.50 range.

EKS
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