Essex Bancorp - ESX - .10 book value - Turnaround?

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Non-Tech
Essex Bancorp - ESX - .10 book value - Turnaround?

An SI Board Since February 1997

Posts	SubjectMarks	Bans
22	0	0

Emcee: George Burdell	Type: Unmoderated

Introduction Compact

Anyone follow this? They've done a crappy job in the past and lost lots of $$, but they're restructuring and selling off branches to try and turn this around. There are only 1 million common shares, trading at about $1.50, but there are lots of preferred shares out there too. Essex hasn't been able to keep up with the dividends for these preferred shares. Latest numbers were out Nov 14, so the next set should be out soon. Any thoughts?

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Reply	Message Preview	From	Recs	Posted
22	Another big run-up for ESX. Anyone know the reason this time? ---Lao Cai	Lao Cai	-	1/7/1998
21	i have the same question in mind. why would anyone support ESX with a long posi	skibob	-	10/23/1997
20	bob, thank you for the internet trading program. it's really a good one. I	Lee	-	10/23/1997
19	this is ESX's quarterly report: newsalert.com heck of an address. bob	skibob	-	10/22/1997
18	bob, thank you for your analysis. Please check the Company Press Release. Tue	Lee	-	10/21/1997
17	lee, i recently started using a free software that shows the volume of the bid	skibob	-	10/21/1997
16	This is interesting. I could not short ESX today at $5 7/8. The b/a were chan	Lee	-	10/20/1997
15	ESX hit 4 7/8 and is at 5 1/8 at time of post. b/a is 5 to 51/4. i hope to see	skibob	-	10/17/1997
14	Essex Reaffirms Lack of Unusual Activity Company Press Release Tuesday Septem	Lee	-	10/16/1997
13	esx is falling fast. at rate of fall could be in 4 dollar range soon. ever feel	skibob	-	10/16/1997
12	the 5 year chart on ESX shows their constant volatility. it appears to be a con	skibob	-	10/16/1997
11	The following was taken from the most recent SEC filing for ESX. August 11,	skibob	-	10/15/1997
10	i've been looking for news to support the sudden climb in price on esx. hav	skibob	-	10/14/1997
9	Still holding ESX. Slowly going down. A more rapid decline would be nice but to	skibob	-	10/8/1997
8	I shorted ESX at 7 15/16. At that time the explaination for the run up was ther	skibob	-	10/2/1997
7	I shorted ESX at 4 5/8, I think it will go down to around 2. The incredible ri	Ian Malone	-	9/24/1997
6	Looks like ESX is nosediving as fast as its upward spike. (EOM)	Ben Geh	-	9/18/1997
5	I do some research and these are what I have: 1. According to biz.yahoo.com, b	Paul Tran	-	9/17/1997
4	Well, I made it in at 6 on Tuesday. As I watched this thing shoot up to 10 1/4	tickerup	-	9/17/1997
3	I was following it but never did anything. m a dummy. epics.	Epics	-	9/16/1997
2	Is anyone following this baby. It is now a marginable stock at 5 9/16. I am l	tickerup	-	9/15/1997
1	That should be 1/10 book value. EOM.	George Burdell	-	2/16/1997

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