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

To: Paul Senior who wrote (19603)	8/24/2004 11:06:53 PM
From: E_K_S	Read Replies (1) \| Respond to of 78758

I plan to hedge my new position with covered calls but I did like their recent purchase of Financial Pacific Company (they paid $94 million for the business). These capital lease back loans can be very profitable w/ fees and interest charges. Although there is the pending SEC probe on their Business Loan Express transaction. I think management has addressed it appropriately. The main negative I see is that some of their loans are not asset based but merely bridge loans. This is the nature of their business and these types of loans as a percentage of their total are falling. Did you see where Citi Corp announced another bank acquisition?..."Citigroup Acquiring First American Bank of Bryan, Texas to Expand Retail Banking Operations" (http://biz.yahoo.com/ap/040824/citigroup_first_american_9.html) My one best pick for next year is NYB. There is talk that Wells Fargo and Citi Corp are interested. My target is $27 and I continue to accumulate shares that I plan to hold for 18 to 24 months. A successful "value" investor buys a company that eventually a larger company discovers. I buy a company based on the intrinsic value not because of a potential buy out. However, if a buy out does occur, you know you have done your homework correctly. I will have to check into ACAS, MCGC,BDC and AINV. Thank you again for your input. EKS

To: Paul Senior who wrote (19603)	8/25/2004 9:55:23 AM
From: Grommit	Respond to of 78758

BCDs I would recommend clicking here bdcinvestor.com not much of value has been posted lately, but go back over the last 2 1/2 years and just look at the messages with high recommendations. It'll be the best hour you could invest. JJR is one of the more informed people posting there. I think ACAS might be a better dividend growth bet today, but regretfully, it may be fairly priced now. I also own some ALD and MCGC. Also try searching ALD and especially ACAS in this value forum.