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

To: blankmind who wrote (20378)	12/30/2004 3:32:30 PM
From: Ray Rueb	Respond to of 78478

CSBK isn't a pissing contest for me. I just want to evaluate it without the emotion you seem to have. Personally, I think its good to be happy about a potential stock, but don't become closed to other people's opinions. Hey, address the concerns I had and I'll invest too. I think my biggest concern is the -12% shrinking revenue that Yahoo indicates. Is this true? What's causing it? When will it be reversed? Float isn't everything. My second biggest concern is the revenue to Market Cap ratio. Even with the lowered Market Cap of 183.9MM indicated by cutting the float to 15MM (which is a little fuffy to me BTW) and using the revenue of 27.35MM this gives a revenue to Market Cap ratio of 0.1487 - still well below the 1.0 that I use as my threshold for a risky long. Any stock price increase makes the revenue to Market Cap ratio worse unless revenue is rising, which it isn't. Am I missing something here? You all be careful out there, Ray

To: blankmind who wrote (20378)	12/30/2004 4:26:18 PM
From: Carl Worth	Read Replies (1) \| Respond to of 78478

with all due respect to your experience/knowledge as a CPA and bank auditor, i think you are misunderstanding the structure of CSBK the MHC is not part of the bank, it is a shareholder...as such, if its shares were sold to the public, the proceeds would not go to the bank, they would go to the MHC those shares do "count," even though the MHC may not receive dividends i own OSHC and ACFC, which have similar structures, and the MHC shares are counted in the outstanding shares, and in calculations of things such as EPS and book value per share here is the prospectus for OSHC, which lays out the structure following the offering: ipo.nasdaq.com i'm sure CSBK has approximately the same structure