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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (38380)6/28/2010 7:45:15 PM
From: Spekulatius  Read Replies (2) of 78705
 
E-K_S - I think HFBC's secondary gas gone well. The offering price was defended in a crummy market which is good. I like that hedge fund sees what I am seeing and decided to get in as well.

I am somewhat overweight this stock (3-4% of my portfolios), which is high given it's dinky nature. my plan is to peel some shares off, when HFBC bounces of the lows (10-20%) and let the rest roll and trade around the core position as I see fit.

For those that are interested SHBI has filed a S3. In think the shares will be offered at 10-11$, probably close to 10$ based on prior experience. SHBI is a little more liquid than HFBC, so the offering discount should be less. I think if it prices below 11$, this is worth a shot too. I need to study the SEC files and FDIC records first, my knowledge is a little dated - this looked like a decent bank with somewhat of an asset quality problem a while ago.
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