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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (22691)12/2/2005 11:26:32 PM
From: Spekulatius  Read Replies (2) of 78478
 
re CSBK, OSHC and ISBC
The 14M$ is the correct number, the shares in the MHC do not count since they are not issued yet, but they will be at some point in the future - the secondary will happen at the going stock price then and proceeds will flow to the company itself.

This applies to CSBK as well as OSHC and ISBC - all three banks are S&L with an MHC structure. Compared to OSHC and ISBC i like CSBK much less so because of their low earnings power and growth.
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