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: Spekulatius who wrote (24970)	10/11/2006 4:10:24 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78702

Ah nuts, Spekulatius. -g-. I'll guess I'll have to change my statement of not buying anymore community banks. FNLC will work for me too, and I'll be a buyer for few shares. The negatives are strong: Very thinly traded stock. Looks like dead money since 2004; stock might even be in a decline. They say they are positioned in the fastest growing (coastal) areas of Maine. I don't even know that Maine is growing. (Maybe it's all them trees whats growing -g-) OTOH, I am looking for bank stocks with some consistent earnings (which FNLC has had. In future, who knows?) and which have a relatively high ROA and relative to that, a relatively low p/bk. Perhaps not the best way to buy these things -- I know I need to do more research and give more consideration to my formulaic way -- but I'll bet I'm sorta okay here. I've got a lot of volatility in my portfolios now because of heavy oil weightings. Right now, a few shares of this stock that seemingly has no capital appreciation potential but pays a 3.7% dividend yield and slowly increases book value (increasing book value is a good thing for bank stocks), well that looks appealing enough to me.