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

To: 56Chevy who wrote (53421)	2/15/2014 10:45:51 PM
From: MCsweet	Read Replies (1) \| Respond to of 78751

56Chevy, One that may be along your lines of investment is GRBS. It is a recovering bank, with earnings quite substantial relative to stock price. It still has TARP to pay back (and has undeclared TARP dividends, so book value is overstated by undeclared dividend). Earnings have been overstated due to undoing of a tax loss carryforward provision (and book value also somewhat overstated IMO -- I don't give full credit to tax loss carryforwards). However, even without those it is a cheap PE. To me, it seems like one to track, not own at this juncture due to the TARP overhang. You seem better equipped at evaluating these than I am, however. MC