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56Chevy

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56Chevy

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Re: Enterprising Investor post# 23

Monday, 07/14/2014 2:10:54 PM

Monday, July 14, 2014 2:10:54 PM

Post# of 56

- Year-over-year Tangible Book Value increased from $2.94 to $3.56 per share.

Right On!...The PPFC story is getting quite interesting.

Currently Mr. Market has the bank priced at $2.60 and selling at a full 37% discount to TBV.

Highlights in the 1st Qtr are very positive...their NIM is over 4% ...they're adding a new branch office. Perhaps for the first time since the bank was formed in 2005 management and the BoD has a reason to be excited. All lights are green. Good for them ..it's been a long tough battle!

PPFC just moved up to the front burner... and the best news is it's On Sale!

Marker:
Pan Pacific Bank (fr (PPFC)
$2.60 up 0.1 (4.00%)
Volume: 8,100




One of the things the government can't do is run anything. The only things our government runs are the post office and the railroads, and both of them are bankrupt. ~~ Lee Iacocca

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