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: Paul Senior who wrote (38313)	6/17/2010 1:48:45 AM
From: Spekulatius	Read Replies (3) of 78705

re HFCB - this stock screams inefficient market. Secondary at steep discount, Bank from a dinky town that nobody knows about, probably half the shareholders comatose. All the good stuff <g> I had this stock on my watchlist because it screened well in terms of value and asset quality metrics (per FDIC website). The secondary brought the stock down from 12$ to 9$ and will leave a well capitalized bank, imo. So it's now or never to get in. Tangible Book after secondary should be around 12.5-13$/share. I don't know if they can keep the dividend - they will probably pay back the 18.4M$ in TARP money, so that will save some preferred dividend payment, so it could well work out. Either way it's cheap enough for me to make a bet. Target would be 12$/share in a year or so but maybe I take 10$ in a few days if it comes to that.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next