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


To: Carl Worth who wrote (20383)1/1/2005 9:10:50 AM
From: blankmind  Respond to of 78480
 
Here's my rec on Synergy Bank (SYNF) - on 4/6/04 - when it was trading at $10.22 with $8.48 in book value. SYNF now trading at $13.44

Message 19986303

- Also - some people seem to be putting forth mis-info. SYNF was an MHC. Just like Clifton (CSBK). When Synergy sold their MHC shares - Synergy got 100% of the proceeds - not the boogeyman. Also - banks generally get sold at about 2X book. Good luck