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

To: Carl Worth who wrote (21274)	5/9/2005 4:35:03 AM
From: blankmind	Respond to of 79163

Carl, - thanks for trying to explain MHC's - i don't think the avg. guy is going to understand - here's 2 such banks - Roebling (RBLG.ob) & Synergy (SYNF)

To: Carl Worth who wrote (21274)	5/9/2005 6:58:03 PM
From: blankmind	Read Replies (2) \| Respond to of 79163

Central Pacific just got added to one of the S&P indexes - in looking it over - looks fine - like a 15X p/e; $21 in book value - 2% dividend - trades @ $33.43 - as in nearly all cases - the 4 banks we've been discussing here - CSBK, KRNY, OSHC, & ABBC - all easily beat Central Pacific & nearly all other banks on these basic value metrics biz.yahoo.com

To: Carl Worth who wrote (21274)	5/14/2005 5:26:23 PM
From: maverick100	Respond to of 79163

Carl, I wrote a bit on these MHC's on the VIC board. Here's one such thread and there are more there if you want to overdose <g>! valueinvestorsclub.com It was a great place to find value the last 5 years, but it's much tougher today. It's a cyclical industry and current MHC IPO appraisals are finally now coming down to more realistic levels, so we may see some real bargains again. Hudson City's massive second stage offering now in progress has sucked the oxygen out of the room for a number of MHC's. A few thrift investors have had to sell their thrift positions in order to raise the capital to send in $2M. Jim