Independence Savings Bank (ICBC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Independence Savings Bank (ICBC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stu who wrote (57)	3/2/1998 5:49:00 PM
From: men mailman	Read Replies (2) of 246

The reason is simple there are fewer and fewer banks around as they are consolidating. The potential for a merger or takeover is inevitable once it goes public. This could not have happened beforehand. As to multi family etc. This is nonesense. These homes are pretty secure and expensive. Real estate has appreciated considerably in the last few years, especialy in desireablre neighborhoods. In fact it is safer than the commercial houses. There are many brokerage houses willing to take a stake here. I see you are new to the SI (a member since Feb 27). Welcome aboard. I hope you are in to get shares and aren't just waiting to get some cheap stock from persons unaware of the great potential they have at hand. If you buy a stock and it goes down and comes back you may bail out. However if you buy a stock at $10 (bargain basement sale) and the stock trades at $16-18 you are not that eager to get out since you are winning and don't want to pay regular tax (capital gains requires 12 months holding), and most of all the banking stocks are currently a good sector to be in. I see the stock at $20-25 soon.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next