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jaybird249

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Alias Born 05/05/2006

jaybird249

Re: None

Thursday, 08/03/2006 9:08:04 PM

Thursday, August 03, 2006 9:08:04 PM

Post# of 173814
RONC: Earnings would have been closer to 3 cents though if not for legal fees and Bank of A restructuring. I will hold as long term value play though as there is incredible value here they own tons of prime real estate in New Jersey and had a $5 takeover offer in 1999. If the 86 yeal old CEO ever croaks their earnings would skycocket he is paying himself $600000 per year, so if you add that and take away the one time charges RONC should be earning $.30 per year.
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