SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: MiamiGent who wrote (52412)9/21/2013 2:42:25 AM
From: Paul Senior  Read Replies (1) | Respond to of 78744
 
Do not post technical analysis arguments for specific stocks here. If your reasons for saying a stock is undervalued entail technical analysis, do not post those reasons or that TA on this thread.

Per the thread header: "P L E A S E...
DO NOT POST TECHNICAL ANALYSIS COMMENTARY OF SPECIFIC STOCKS ON THIS VALUE THREAD.

Thanks,
Paul Senior,
moderator



To: MiamiGent who wrote (52412)9/22/2013 2:36:57 AM
From: Spekulatius  Read Replies (1) | Respond to of 78744
 
FBP is a bank in operating Puerto Rico. The economy down there is a disaster - GNP -5% this year if I remember correctly. That is a bad as the US economy as a whole in 2009. Some Muni debt is yielding close to 10%, if I remember correctly. Owning a bank that does not even look terribly cheap (FBP is trading above tangible book) does not look like a value to me.