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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (34889)	7/21/2009 4:57:38 PM
From: Paul Senior	Read Replies (1) of 78760

NYB. If they haven't upped their loan reserves substantially by now, nor cut the dividend by now even as some sort of "prudent" measure, they maybe have some confidence in what they are doing. I believe I've heard ceo/chair Mr. Ficalora interviewed, and if he was the guy, he is one sharp/shrewd bank executive and acquirer, from my impression. ==== On the one hand, the stated book value for the past few years seems to be stuck in the $12/sh area . Otoh, at least it hasn't been decimated in the last 12 months. Couple this with the current $1 dividend on a roughly $11 stock, that is 9%...if the dividend and price hold. Imo, NYB within a diversified portfolio could be a decent small bet while waiting for better times. I'm in for a few shares now at market close.

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