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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (53136)	2/13/2014 5:20:00 PM
From: 56Chevy	Read Replies (1) of 78745

I appreciate the encouragement MCsweet. As you noted CBKS was just under $3 at the time of my first post here and Mr. Market has it priced today at $5.70. The good news is its still selling well below P/B at: 0.6722%. The average P/B for banks in the State of Florida is 149.95%*. Earnings for 2013 were $1.750M...it was the first positive year they've had in the last 4. Book Value is .02 higher now and stands at $8.48 (without any tax credit help). Is there a weak link in the chain? Yes...NPA's stand at 7.65% ...but that's not an insurmountable number by any stretch.... and management is aware & all over it. Every day the snowflakes fly on the east coast the baby boomers are once again thinking hard about moving south...real estate values have been steadily climbing back up in Florida... NPA's at all the Florida banks are quickly reverting back to performing. Good luck MCsweet Chevy

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