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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (41500)	2/25/2011 5:50:21 PM
From: Paul Senior	Read Replies (1) of 78730

Fwiw, I've opened a tracking position today in dinky bank stock SUBK. finance.yahoo.com It doesn't trade below stated book value as some banks do (It's at 1.38xbv, per Yahoo.); it is a bank that's maintained profitability in each of the past ten years. Odd to me is that SUBK stock price is now below levels of past five years -- below where the bank crises cratered so many bank stocks. finance.yahoo.com Yet the bank is still reporting positive earnings, and (so far) seems to have a .60 annualized divided (2.9% yield). Perhaps the stock drop is a result of SUBK having cut it's dividend and people exiting the stock. (Company was previously a Mergent "dividend achiever".) There seem to me to be enough positives that I'd expect the stock to be at least up at or above the level of Feb-Mar '09 when the world seem to be ending for stocks, esp. bank stocks. Other bank stocks I'm seeing that are survivors have risen from those lows. So did SUBK, but it has since fallen back down. I'll bet it recovers. (Or I'll wait until the reason for its low level is justified and obvious.)

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