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Strategies & Market Trends : Value Investing

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mike macklin

To: geoffrey Wren who wrote (59419)	8/30/2017 11:43:19 AM
From: Lazarus	1 Recommendation Read Replies (4) of 78714

UABK - this former penny stock bank did a 50/1 reverse split and according to the information I recieved from the bank in Feb they have 950,168 common shares outstanding. I assume that the preferred shares mean the commons represent approx 70% of the capital structure. Is that a fair assumption? The call report and banknet show earnings of 1,981,000 for the first 6 mos of this year. When they did the reverse split they gave fractional shareholders $16.48 My guess is that this bank is undervalued here... but I'm still just learning how to figure out how to value banks. I added 300 shares last week.

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