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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (17625)	9/7/2003 8:49:09 PM
From: apearlma	Read Replies (1) \| Respond to of 78517

Paul, I'm not sure if you're aware of this, but you can call your broker and have them convert the BFCFB shares into BFCF shares for I believe free at a one to one ratio. It seems to help if you mention to your broker that their transfer agent is American Stock Transfer & Trust Company. They can be reached at 1-800-937-5449 for reference. I've done this a few times when the marketmaker of BFCFB wasn't paying enough attention for an essentially risk-free arb - why I have the transfer agent and number handy. Andy

To: Paul Senior who wrote (17625)	12/26/2003 4:31:59 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78517

I see that small-bank stocks have mostly continued to do well in the market since I looked at them here a few months ago. I erred in selling too quickly my pick of Korean-American bank PUBB. It's moved up, and now has received a buyout offer from its local neighbor, and Korean-Am. bank too, HAFC. I'll bet again with HAFC, that among the many Korean immigrants/Korean-Americans in Southern California, there's a decent propensity for many to do business with a bank focused on their specific needs. HAFC isn't really inexpensive based on some numbers I see such as ROA, p/book, and p/sales. However, HAFC will now dominate its niche, and it's easy for me to entertain an expectation that HAFC will continue to prosper over the next few years. Although so many bank stocks have done so well this year, it's my opinion that for me, I feel I have got my best results with banks by trying to have a long term view of their business prospects and by holding the the stocks for the long term. I've started a very small buy of HAFC; I expect to average into the position, and my intent is to try for a multi-year holding here. finance.yahoo.com Paul Senior