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

To: Paul Senior who wrote (22691)	12/2/2005 9:41:42 PM
From: blankmind	Read Replies (1) \| Respond to of 78476

Paul - I still haven't sold 1 share of CSBK - it pays .20/annual div - between their stock buyback & coming up on 2nd year anniversary of ipo - & longer term rates going up - i have to believe they can capitalize on the fact they're trading way below book & profitable - but i've been holding since mar '04 - & I'm just going to hold - on the other 3 banks i recommended - ABBC, KRNY, & OSHC - all have recovered but not up that much - & I sold some of each - also - my near 100% winning record only applies to value stocks - & only over the long haul good luck

To: Paul Senior who wrote (22691)	12/2/2005 11:26:32 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78476

re CSBK, OSHC and ISBC The 14M$ is the correct number, the shares in the MHC do not count since they are not issued yet, but they will be at some point in the future - the secondary will happen at the going stock price then and proceeds will flow to the company itself. This applies to CSBK as well as OSHC and ISBC - all three banks are S&L with an MHC structure. Compared to OSHC and ISBC i like CSBK much less so because of their low earnings power and growth.