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

To: Paul Senior who wrote (19304)	6/18/2004 2:51:37 PM
From: Suma	Read Replies (1) \| Respond to of 78670

There might be something to buying local banks, such as the Bank of Granite, or High County Bank. I am in NC and these are small aggressive banks. I will get more names. They are just terrific take over candidates for Wachovia,Bank of AMerica and others to take over some day. This is a small community but it is touristy and these banks are building new buildings so they must be doing something right.

To: Paul Senior who wrote (19304)	6/18/2004 4:53:55 PM
From: David	Read Replies (2) \| Respond to of 78670

Paul: There was an interesting SEC filing regarding BL. An activist shareholder group bought up 5%+ and indicated interest in meeting with BL management to discuss methods of enhancing shareholder value. BL is conservatively priced at roughly Net Current Assets. Here is a link to the SEC filing: edgar-online.com 6017-04-000013&x=31&y=6 I've owned BL for several years and its been easy to hold onto because of the company's continued operating performance and conservative pricing (usually selling at a large discount to book and often discount to net current assets) Would be interested in knowing your thoughts. Also, Sold MAXS today. That was a great score and I have only this excellent board to thank. It was a real winner. My only doubt about selling is if a white knight appears, which I believe is not very likely. Its a perfect fit for Jones and Jones got a real good deal.