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

To: blankmind who wrote (25150)	8/28/2007 11:27:42 PM
From: Spekulatius	Read Replies (3) \| Respond to of 78752

Took a position in mutual conversion HBNK. Small, bank in the MA hinterland. Roughly 8 million shares out, 101.7M$ equity or 12.7$/share. Currently trading for 10.2$. Last quarter earnings 0.09$/share and 0.03$ dividend. HBNK is a full conversion meaning there is no holding company (MHC)that holds most of the shares. Full conversions used to trade at a premium, rare to see one trading at par. i bought some today and think it can trade at 13$ within 18month.