Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dale Baker who wrote (12380)	6/5/2001 12:34:30 AM
From: Paul Senior	Read Replies (2) of 78681

Dale - or anybody else here - can you offer some words about BLX? Context: Dale (to Paul): "lots of folks hate buying stocks that have already moved up, but the ideal 45-degree upslope chart just keeps going and going if the value is there. Have to climb aboard when you think the underlying fundamentals are right." I got scared out of BLX at a loss under 20 maybe a couple years back. Now I'm looking to reenter. But now at a new high of 35. And I'm going to be very upset with myself if I lose AGAIN on this stock, and from an even higher entry point than my first losing purchase. finance.yahoo.com I can see that 45-upslope. And disregarding that I am once again LATE to the party, and I have even missed the recent dividend to boot, the value still seems there. At debt/eq = 2, I say a 14% ROE (which seems to be a very rough average over the past few years) suggests to me this stock ought to/might/could be selling at some point maybe 1.5x book (which level it's sold at before). And given the stock's selling now about 35 with book also about 35 (and that bv is growing), that'd mean at least a 50% gain in the stock. We're looking here at a special (niche) banking company (They make short term loans to finance trade from Latin America primarily) selling at a p/e of 6 or 7 now, but which in past, has sold for p/e 's as low as 5 (yearly avg) and as high as 12-13. If anyone here is interested in this company, please let me know. I'll need a bit of a push to start a position on this one. -g-. Paul S.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next