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56Chevy

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56Chevy

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Re: Enterprising Investor post# 8

Friday, 08/16/2013 2:31:43 PM

Friday, August 16, 2013 2:31:43 PM

Post# of 36
As of June 30, 2013 the O/S was 6,243,688
Shareholder equity was $18.7MM

Book Value = $2.999669426147 or ($3).

Market Value currently $1.10

This bank is selling at a very healthy 63% discount to BV

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9454298-22174-25404&type=sect&dcn=0001193125-13-332635

*The bank logged a huge loss this past qtr but the reason they did doesn't bother me in the least - they paid off TARP and another 3rd party debt. I'm liking the actions this bank has been taking EI.

Like alot of these small obscure unknown banks liquidity will be a problem but for a long term buy and hold I like it.

Finders fees goes to SaltyMutt...well done.

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

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