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

To: Spekulatius who wrote (38311)	6/16/2010 4:12:24 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78700

HFBC. Well if a sophisticated European kinda guy like yourself is interested in Hopkinsville, KY for an investment, I'll just have to consider HFBC too. -g- I'm in for a few shares: Welcome to Hopkinsville and environs: hoptown.org I'll have to look at some western KY and northern TN maps to see if the banks might be in path of one of the shale plays. Seems too far north for Arkoma. Looks too far west for the Marcellus. Maybe New Albany. It would be good for business.

To: Spekulatius who wrote (38311)	6/16/2010 4:17:14 PM
From: JSB	Respond to of 78700

I'm amazed you even had something like that on your watch list. Seems like a steal at that price, especially since they just earned 45 cents a share in the last quarter. I'm in, it's not often you get to buy shares at the offering price.

To: Spekulatius who wrote (38311)	6/16/2010 10:07:48 PM
From: Dan Meleney	Read Replies (1) \| Respond to of 78700

HFBC...Selling so far below BV, although the stock offering/cash will dilute that...Where are the warts?...Goodwill was written off...are other assets impaired?...reserves look reasonable from a high level and portfolio quality doesn't look ready to implode, but without being inside its hard to really know...If they use some of this cash to decrease leverage for long term, I'm concerned that ROE will drop too much. Dilution is another concern...stock offering proceeds may be used for acquisitions & de novo expansion...will they be opportunistic in next purchases? Hopefully their purchases won't require goodwill...It looks like their CMOs, if fairly valued, are not a problem....so, why is P/BV so low? This looks like a good value to me.

To: Spekulatius who wrote (38311)	6/28/2010 6:46:42 PM
From: E_K_S	Read Replies (2) \| Respond to of 78700

RE: HopFed Bancorp, Inc. (NasdaqGM: HFBC) xml.10kwizard.com 13G filed today disclosing 8.92% (618,000 shares) holdings by hedge fund Ithan Creek Master Investors (Cayman) L.P. (General Partner Wellington Hedge Management, LLC). They probably picked up their shares at the secondary price of $9.00/share since the 13G was filed the same day of the secondary off, June 16, 2010. I guess you hold until the big boys decide to sell. EKS