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Non-Tech : MWBX Metrowest bank(Framingham,Ma.) -- Ignore unavailable to you. Want to Upgrade?


To: Arthur Tang who wrote (78)1/19/2001 8:08:24 AM
From: Arthur Tang  Read Replies (1) | Respond to of 87
 
News release of higher earnings and higher assets(close to $900 million now) continue to support the realization of community banks who do not borrow money from anyone. Loan loss vs. interest earnings is in balance. Local loan loss generally are collectable after some period of adjustments in the local economy.

Looks like this year is the year for this stock to take off. Previous years, some doubt of the future of banks merging kept this stock down. Last year the earning of $0.72/share of a $6 stock gives below the average P/E ratio. This year the value of this bank will be recognized.