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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote ()5/4/2000 6:14:00 PM
From: cpabobp  Read Replies (1) of 78525
 
I'd like to throw out another Ohio company that deserves some attention, IMO. (to go along with LANC, BOBE, ANF some other Ohio cos. mentioned here).

FMER, a regional bank, looks good (along with a lot of other banks). But the reason why I like them is that historically they've grown through acquisition, which has hurt them for the past 12 months or so. As I understand it, one of the major shareholders of an acquired bank (Security First, I think) had been dumping a lot of shares. Which I think is somewhat typical in mergers since the seller is usually looking for a way to get out of the business.

I think that most of the selling is done, and they have worked out most of the kinks from the 98 & 99 mergers. I expect earnings to growth nicely in 2000 and 2001.
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