Firstfed America Bancorp Inc. IPO-FAB Message Board

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Non-Tech : Firstfed America Bancorp Inc. IPO-FAB

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To: Patrick Beck who wrote (18)	2/22/1997 2:30:00 AM
From: James Silverman	of 21

Lively discussion here. First Essex is public, I own some shares and look for them to be bought out in due time. A method of investing I had used for a few years was to buy shares in mutual conversions after they went public. I was able to scoop shares at 80% or less of BV readily. Did this approximately 20 or so times without failure. Right now I can not find one that meets my criteria. The sector may be overheated if thats possible. Real estate prices are out of hand in some parts of Mass. I don't think we're headed for another real estate crisis but prices sure are getting crazy. Where I'm from people will pay upwards of many $100K for a house, knock it down and then build another. I'm babbling here. But if you can uncover a nice list I would appreciate it. Thanks Ken for your list. I will be hitting Compass sometime this Spring hopefully.

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