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

To: anializer who wrote (34624)	5/30/2009 5:24:24 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78744

re GRNB - what is improving? their NPA are 4.3% (way above average) of total assets and rose from 76M$ to 121M$ in just one quarter. their are substantially underreserved (reserves are only 2.2% of the total. I wouldn't touch that one with a 10 foot pole.

To: anializer who wrote (34624)	6/6/2009 8:48:29 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78744

Anializer - what do you think about RF. Trading at 1/2 tangible book. They recently raised a bunch on secondary @4$ and with a debt exchange. I think they will have 1.3B shares outstanding when it's all done. That should be enough to keep them afloat even in a bad economy and still,be well capitalized. The government stress test gives me some confidence that the number are reasonable. They can make 1.5B$ in earnings in a decent economy, so that is more than 1.2$/share earnings power - not too bad for a 4$ stock. I got a few shares only at this point but I think I'll average down if they go towards 3$/share.