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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (59493)5/17/2017 12:23:54 PM
From: E_K_S  Read Replies (1) of 78767
 
New York Community Bancorp, Inc. (NYCB) - at 4 year low @ $12.73/share (-2.15%)

Still holding off on my small Buy waiting for one more day of sell off. If you believe their Book Value, the Graham Number valuation is $15.23/share (or 19.35% undervalued from the current market price ). Dividend yield now 5.18% (just went xdiv 5/4). No rush for next dividend, but now on my Buy list

FWIW, I did a small add today for Enbridge Inc. (ENB) @ $39.10/share to square up my position after the SE merger. Dividend only 4.5% but they do hold some very nice assets and no K1, just qualified dividends.

My issue w/ all the banks, it's hard to believe their stated BV. That works big into the GN valuation model so it's hard to use that as a true figure for fair value.

EKS
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