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: Paul Senior who wrote (25053)	10/19/2006 9:36:41 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78740

NBN cheap in terms of PE but subpar in virtually every performance metric: I used the "compare to peer group" function on the FDIC website to evaluate bank operating metrics. NBN does not look good on most metrics and particulary bothersome is the rapid increase in non performing and noncurrent loans. www3.fdic.gov That being said, the stock is cheap on a price/tangible book ratio. Tangible book is around 15$ and NBN trades at 18$. Besides those troubling issues, NBN's earnings have stagnated for the last 5 years despite a favorable business environment for community banks. In a much tougher climate going forward i do not have much hope that NBN's performance record will improve. My classification of this stock is that it's going to be a value trap, unless there is an takeover.