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Non-Tech : Essex Bancorp - ESX - .10 book value - Turnaround?

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To: Lee who wrote (20)10/23/1997 3:20:00 PM
From: skibob  Read Replies (1) of 22
 
i have the same question in mind. why would anyone support ESX with a long position based on their history. Esx has already taken a 5mm write off for the sale of assets and they still can't turn a profit. the only thing that makes sense is the mm's playing with the stock. i will continue to hold and see what happens.

here, read this if you haven't already:

Thursday October 23 10:41 AM EDT

Essex Bancorp Posts 3Q Loss $0.85 vs $0.72

ESSEX BANCORP INC. Interim Consol. Earns.: Sept. '97--Thou. $

Ticker: KSY
Highlight: ANE
Date: 970908

3 Mos. to Sept. 30:
1997
1996
Net income
d491
d754
*Sh. earns.:
d$0.85
d$0.72

9 Mos.:


Net income
d83
d7,674
*Sh. earns.:
d$1.23
d$7.30

dDeficit.
*As reported.

Oct. 21, 1997, Essex Bancorp Inc. announced Sept. '97 three-month loss per share of $0.85 vs loss of $0.72 for same period a
year ago and nine-month loss of $1.23 vs loss of $7.30 for same period a year ago.

this was taken from biz.yahoo.com

bob
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