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

To: Spekulatius who wrote (37135)	3/29/2010 10:14:55 AM
From: Madharry	Read Replies (3) \| Respond to of 78666

right now cown is my favorite financial stock. they just released their 10k and ive accumulated a full position in it over the past two weeks finishing the last of my purchases today. the short and sweet of it is that the company sells for below tangible net worth and gets no credit for over $8 billion in assets under management as of 12/31/09 which should be more now. its thinly traded because a group controlled by the ceo owns a huge chunk of shares and there are other major stake holders. and its a competitor of other insvestment banks so its not likely to be full of traders or a stock thats followed closely. the company has very little debt now. If you believe that the global recovery is happening and we are not going back into a depression i think cown is a great way to participate on the cheap. plus since mgmt owns such a big chunk of the company i hope they are less likely to loot it.People who are interest should do their own due dilligence and kick the tires on this one. I bought this for my cash account so i hope to hold on to it for quite awhile.