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

To: Paul Senior who wrote (66730)	3/2/2021 3:42:06 AM
From: Lazarus	1 Recommendation Recommended By petal Read Replies (3) \| Respond to of 78750

RE: I didn't and don't see what makes it different from any other bank First of all: All the banks I've mentioned on this thread, I mentioned because I believed they were good VALUE stocks. I always provided the information / report to back it up. Secondly, the banks I've mentioned here might be most distinguished from other banks by their miniscule market caps. ALBY - at time of first mention had a market cap of around $14-15 million. Most of the other mentions here like UNTN and others that were bought out also sported very low market caps. So, what I felt made ALBY a value stock was its discount to book value -- which was a thing up until around today - combined with its good performance. This is not to say that there are not other small regional banks that trade at a discount to BV - There are --- just as there are others here and there that trade at nearly 2X book. ___________________________________________________________ I can show you an underperforming micro-cap bank: CAIB which was formerly the Bank of Saigon in Westminster California. The former CEO was indicted on charges of racketeering (hence the name change) ... and the bank, although financially sound, just can never manage to do anything but loose a $million a year (makes me wonder) Take a look at it. I think the last trade was around .04 cents. I've snagged shares under .03. I wouldn't suggest anyone buy it as it ma just continue to lose money as losing money is what it is best at (and who knows what the true business plan is?) Saigon National Bank in Westminster at center of drug money laundering operation, feds say

To: Paul Senior who wrote (66730)	3/2/2021 12:19:24 PM
From: Lance Bredvold	Respond to of 78750

Looks to me like all banks are in an optimistic state. I own 3 and follow one more. One has grown the stock price consistently since 2001 (GBCI) but the others have all been way down from earlier highs. ALBY was over 50 back in 2010 and had a reverse split. Another of my holdings (FNB) is much like that--a junky bank but in this optimistic state is hitting new highs for recent years. If one goes back further it seems the company is just recovering from huge damage. Finally, US Bank, (USB) my large bank holding is also hitting new highs for the last year, but in recovery from a longer term and less dramatic swoon after 08/09 and a shorter scare in March last year. Most of these are also recovering from the 2020 scare still. Everyone seemed to assume homeowners and small businesses would be unable to repay loans as Covid took over. Seems to be untrue, though I still see some repayment deferrals on my banks books. I have calls sold on half of my FNB shares. Also on a few GBCI. And now, having talked about banks in general, think an offer for sale of calls at USB might be wise also.