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

To: Carl Worth who wrote (21222)	5/2/2005 10:57:59 PM
From: Spekulatius	Respond to of 78486

re CSBK -it's a fine bank (efficiency ratio, ROA) with just too many shares out (29.5M( for it's assets (800M$, 530M$ deposit). Since CSBK has been low growth over the years, i don't see how they can deploy their equity ina reasonable manner unless they do acquisitions. As i mentioned before, with thrifts, one needs to look at the share count, deposit base, growth and profitability -on those criteria CSBK is a relatively poor value, IMO.

To: Carl Worth who wrote (21222)	5/6/2005 5:02:08 AM
From: blankmind	Read Replies (1) \| Respond to of 78486

- On Cliftin Savings - (CSBK) - its a totally misunderstood value play - Clifton is sitting on $203.2 mill of equity & has a market cap of around $140 mill (under 14 mill shs outstanding) - with $842 mill in assets - Clifton can buy back 100% of the float & still have sufficient equity - as an aside - if Clifton makes $.11/eps a quarter - which will go up as the shares are bought back & ipo monies deployed - csbk now $10.23 - pays .20/annual div - makes about $.44 yr - about $15 in equity & stock price is a joke