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

To: Spekulatius who wrote (27929)	8/28/2007 11:55:32 PM
From: Spekulatius	Respond to of 78747

Bought a position in WF, a large South Korean bank. Trailing PE around 9, forward PE should be 7-8 based on 6month worth of earnings. Strong capital ratio 12%+, risk based. woorifg.com Paul and a few others have discussed WF before in this thread.

To: Spekulatius who wrote (27929)	9/7/2007 11:48:43 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78747

Bought a small position in HTWC.OB. Thrift conversions at a 20% discount to subscription price. Dinky but with good profitability (0.15$/share during the last quarter, not counting MHC shares). This is a partial conversion (my other thrift holding is a 100% conversion) where the MHC holds the majority of shares until those get issued too.there are a total of 2.4M shares outstanding but only 1.34M shares are issued, the remainder is held by the MHC. sec.gov There are some good deals on recent thrift conversions available just as in 2005.

To: Spekulatius who wrote (27929)	12/29/2007 11:27:41 AM
From: blankmind	Respond to of 78747

Spek - i’m just seeing your note now - i’m stuck holding several banks like Hampden - where the book value is higher than the share price - banks are proftibable - and even paying a dividend - they say markets are perfect over time - so i’m paitently waiting for these stocks to come back - i’ve wached hampden since their ipo in Jan ’07- they have the book value & full conversion - but they’re profits aren’t that great - i’m showing about $14 in equity per share - so the $10 stock price they’re at seems really depressed - who knows - maybe a lot of their loans go bad?? If not, i think the stock price should come back - good luck