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56Chevy

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56Chevy

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Re: jjo1fam post# 34

Friday, 06/07/2013 1:33:42 AM

Friday, June 07, 2013 1:33:42 AM

Post# of 44
They had a good qtr ...and that's great news...but it's still over-priced.

Does that mean it will never be worth investing in? No. But you won't find large institutional buyers touching this until book value is positive and earnings are normalized & sustained. Right now none of that exists.

if you like it...buy it. I'll watch from the sideline. The thing is jjo1fam there are other banks with outstanding earnings selling at a discount to book value... and over time they will outperform this bank and you'll have liquidity.

It's worth watching ...and their story is improving nicely...that's where it ends for me as of 6/2013.

Learn something new every time you invest...and take it with you to the next opportunity.

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