Brooklyn Federal Bancorp Inc. (BFSB)

[Superfly15]

It's a lotto play at best, their last earnings report is delayed due to financial issues.

Their auditor (Grant Thornton) just ran at the end of 2010 as well, and by looking at the stock price during the financial crisis it remained extremely stable, and they even raised dividends during that time. That is unheard of for a bank the past few years, especially a regional bank. Then all of a sudden the share price caves in within a matter of months, the balance sheet goes to hell, and the auditor resigns.

http://biz.yahoo.com/e/101223/bfsb8-k.html


That 8k filing SCREAMS fraud to me, or at least something that definitely needs to be looked into. Perhaps they have a big client that defaulted on their loan, idk I need to do more research, but the bank can technically be seized anyday...don't put any more in for a trade/investment than you are willing to wake up the next morning without.