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

To: Spekulatius who wrote (38382)6/29/2010 9:35:40 AM
From: Spekulatius  Read Replies (1) | Respond to of 78704
 
WAIN - Eastern Bank Corporation Announces Agreement to Acquire Wainwright Bank & Trust Company.

finance.yahoo.com

This was one of my dinky bank holdings - I bought this one for under 6$ last year. Today they sell for almost 2x book - 18$. Money can be made in this sector.



To: Spekulatius who wrote (38382)6/29/2010 2:32:46 PM
From: MCsweet  Read Replies (1) | Respond to of 78704
 
HFBC,

With divvie 0.12 in hand (just went Ex), I am inclined to play the large 9.00 HFBC bid on some of my shares. If market gets substantially worse, I sell into the bid, if it improves substantially I bid just above.

If the 9.00 buyer(s) gets his/their fill and banks drop more, I think there is a chance to buy this substantially cheaper. On the other hand, the bid is looking very strong so far, so I could see a substantial rise on a bank rally.

MC


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