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Strategies & Market Trends : Value Investing
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petal
To: Paul Senior who wrote (66730)3/2/2021 3:42:06 AM
From: Lazarus1 Recommendation  Read Replies (3) of 78753
 
RE: I didn't and don't see what makes it different from any other bank

First of all: All the banks I've mentioned on this thread, I mentioned because I believed they were good VALUE stocks. I always provided the information / report to back it up.

Secondly, the banks I've mentioned here might be most distinguished from other banks by their miniscule market caps. ALBY - at time of first mention had a market cap of around $14-15 million. Most of the other mentions here like UNTN and others that were bought out also sported very low market caps.

So, what I felt made ALBY a value stock was its discount to book value -- which was a thing up until around today - combined with its good performance.

This is not to say that there are not other small regional banks that trade at a discount to BV - There are --- just as there are others here and there that trade at nearly 2X book.
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I can show you an underperforming micro-cap bank: CAIB which was formerly the Bank of Saigon in Westminster California. The former CEO was indicted on charges of racketeering (hence the name change) ... and the bank, although financially sound, just can never manage to do anything but loose a $million a year (makes me wonder)

Take a look at it. I think the last trade was around .04 cents. I've snagged shares under .03. I wouldn't suggest anyone buy it as it ma just continue to lose money as losing money is what it is best at (and who knows what the true business plan is?)

Saigon National Bank in Westminster at center of drug money laundering operation, feds say
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