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

To: Paul Senior who wrote (38313)	6/16/2010 6:36:12 PM
From: Madharry	Read Replies (2) \| Respond to of 78714

I wonder how everyone else is doing. Im now up about 10% in my retirement portfolio for the year. Gotten beaten up of late with COWN GS and GFRE but hope springs eternal. Despite my unhappiness with management I did buy more aab.to today, I am hoping that eventually some of the increased book value over time will be reflected in the share price. The govt deal with BP seems fraught with ambiguity. my guess is that the escrow account will quickly be deluged by claims far in excess of the amount funneled in. What will the government do the? lend out funds based upon pending claims? I can see headlines down the road about billions in fraud, and litigation with BP as to what constitutes a legitimate claim. Oh well this was temporary win win situation for bp management and the obama camp. I will reserve judgement as to how shareholders ( sorry no dividend) and claimants fare. I am off traveling for a week. not sure what my internet access will be. Hopefully no big frauds will occur while Im gone.

To: Paul Senior who wrote (38313)	6/17/2010 1:48:45 AM
From: Spekulatius	Read Replies (3) \| Respond to of 78714

re HFCB - this stock screams inefficient market. Secondary at steep discount, Bank from a dinky town that nobody knows about, probably half the shareholders comatose. All the good stuff <g> I had this stock on my watchlist because it screened well in terms of value and asset quality metrics (per FDIC website). The secondary brought the stock down from 12$ to 9$ and will leave a well capitalized bank, imo. So it's now or never to get in. Tangible Book after secondary should be around 12.5-13$/share. I don't know if they can keep the dividend - they will probably pay back the 18.4M$ in TARP money, so that will save some preferred dividend payment, so it could well work out. Either way it's cheap enough for me to make a bet. Target would be 12$/share in a year or so but maybe I take 10$ in a few days if it comes to that.