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Strategies & Market Trends : Value Investing
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Recommended by:
Jurgis Bekepuris
To: 56Chevy who wrote (52506)10/15/2013 6:11:03 PM
From: MCsweet1 Recommendation  Read Replies (2) of 78740
 
Ok 56Chevy,

I'd like to learn more about banks.

What is so attractive about JAXB? A recent press release mentioned tangible book around 0.30, with the stock trading at 0.50.

Quarterly Net interest income at 5 million+ looks good, but noninterest expense is 5 million+, so I don't see where they are going to earn a lot of money. Shareholders have been diluted a ton from recent offerings.

There must be something attractive given the recent institutional purchase of shares in the stock offering, but I don't see it.

Thanks,
MC
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