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: Jurgis Bekepuris who wrote (55056)3/18/2015 12:34:10 PM
From: Lazarus  Read Replies (2) | Respond to of 78628
 
MBNC - All my shares are in my IRA and this is one of those stocks I feel like I can own and just forget about ... and I'm confident that when I look at it in 3 to 10 years it will be fine.

Its a bank and to me that is just boring... but as a penny stock it wont get much hype (because its a boring bank stock) so it will just plod along and grow earnings and book value the old-fashioned way. Eventually they could pay dividends.

Most importantly Gresham has what I consider great demographics:

P opulation in 2013: 109,397 (100% urban, 0% rural). Population change since 2000: +21.3%

Mt Hood Community College with ~ 26,000 students.

They also have a branch in SE Portland

Because residential and commercial rent is still (at present) fairly reasonable, SE Portland is where dreamers come to incubate and grow their first businesses. Think of it as Portland's entrepreneurial laboratory, increasingly home to first-time chefs with those so-crazy-they-just-might-work ideas. It's also the city’s hippest district—you need look no further than the eclectic boutiques, cafes and eateries lining Belmont Street and Hawthorne Boulevard.


and another in Tigard


Population in 2013: 50,444 (100% urban, 0% rural). Population change since 2000: +22.4%

______________________

If this bank doesnt make me $$$ I'll eat a BUG.