Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Senior who wrote (20869)	3/13/2005 6:34:44 PM
From: blankmind	Read Replies (4) \| Respond to of 78471

I can proudly speak about my track record for picking stocks - except for ESREF - which could still come back - i'm batting a 100% - of course - I'm not a day trader & can't predict tommorrow's stock movement - so here goes 4 of my favorite undervalued stocks - all regional bank thrifts - all in NJ - all recently demutualized: · #1 - CSBK - Clfiton Savings Bank - closed at $11.65 - net inc for latest quarter was $.10 diluted; about $.40/eps annualized - but earnings keep growing as ipo proceeds deployed - sitting on several branch offices acquired decades ago & now worth $millions more than reflected on balance sheet - Equity $202.9 mill/14 mill shs = $14.49 book value - but real book value much higher - pays a $.20/annual dividend or almost 2% - just announced a 5% share buyback · #2 - KRNY - Kearny Bank - closed at $11.63 - book value is $23.16 - just de-mutualized so real earnings and dividends not exactly clear but both should be good when they do come out · #3 - ABBC - Abbington Community Bank - closed at $13.47 - on track to do about $.79/eps for year but should be higher as ipo proceeds deployed - $17.34 in book value - actually - this bank is in Bucks County, PA - which borders NJ · #4 - OSHC - Ocean Shore Bank - closed at $10.91 - also too new to determine earnings - but book value is $15.97