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: blankmind who wrote (22704)	12/8/2005 1:49:42 AM
From: Spekulatius	Respond to of 78481

re CSBK - i acknowledge that CSBK has more undervalued real estate in it's book than ISBC and OSHC, but i am not sure how much it should matter. Since all those stock conversions trade below book effectively anyways earnings and growth are more important to me. CSBK for example has barely grown their balance sheet since they went public, they are way overcapitalized, earnings are weak and they do not seem to know how to put the IPO proceeds to any productive use. OSHC for example is growing more, they are building new branches and earnings/share are twice as high as CSBK. So, i think the latter is more likely to build shareholder value and that's why i am holding.