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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (42721)5/18/2011 4:09:06 PM
From: dealmakr   Read Replies (1) of 78717
 
"CHMG @22.5$ - Action alert! Conservative "yankee" bank on sale. Got some in two accounts."

Very solid bank, have followed them for years. Don't currently own it, but Doug Hughes had a position in it a while ago (smallbanknewsletter).

Its not a trader as there isn't any real movement though they have made a nice comeback from the lows in 2009 as many better banks have. Dividend yield at about 4.5% and well covered.

I don't see this one as a buyout candidate, but a worthy long term investment.

Just completed the buyout of Fort Orange Financial giving them a footprint in the capital district, so will look towards the combined numbers ahead to get a feel to see if they paid the right price.

Good trading

dealmakr
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