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

To: blankmind who wrote (19049)4/6/2004 11:20:44 AM
From: Joe Wesley  Read Replies (1) | Respond to of 78860
 
Question about CSBK. I've never dealt with a conversion so this question may be dumb. However looking at CSBK's announcement
cliftonsavings.com

Do they have 14.45mm shares outstanding, 16.79mm, 30mm+ ?



To: blankmind who wrote (19049)4/6/2004 8:25:47 PM
From: Madharry  Read Replies (1) | Respond to of 78860
 
OT- Having spent a lot of my life working for banks I know that the 2x book number is bandied about quite a bit. one of my supervisors went to work for his old boss who started his own bank in the 80s and my colleague's rational was that he got options and the bank ultimately would be sold at 2 times book. Unfortunately the bank was ultimately taken over by the FDIC.


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