It used to pay a stock dividend, but now pays cash, which he likes. Feels that it has $4-$5 upside. The system that he uses, he is always looking at a minimum of 100% upside, often 200%-400%, so he wouldn’t buy it at this point in time. For people looking for smaller gains and a nice dividend, he could see why they would do it. Good management. Good financials and they are doing very, very well.
This just got acquired and he made out like a bandit on this one. He paid about $4 and sold out at $21. The only play left is an arbitrage, which he has no strategy for on this.
Sold his holdings at about $18.74. At this price it is pretty fairly valued. If the market keeps on tanking, this potentially has a long way to go down because it had gone up such a long way.
This has done really well. He paid $3 and change and it is now at almost $16. Has this targeted at better than $18. Thinks it has further upside, although more muted. He would love someone to come in and take this one out.
Paid $3.36 for this, and has a target price of $18.74. When he bought this, it paid a stock dividend. Now they are paying a share dividend, and it wouldn’t surprise him if this increases.
A small local bank that he bought. Has had about a double out of it so far. It used to give a stock dividend but now it gives a cash dividend. Can see this one doubling from this point. Beautifully run bank. Good balance sheet. Capitalization ratio is good.
(A Top Pick April 5/10. Up 31.77%.) Smaller bank in Atlanta. Can still see more than a double. Pays a 2.2% stock dividend with a possibility of a cash dividend in the next year.
(A Top Pick April 5/10. Up 36.02%.) Target price of $18+. Were losing money during the recession but have come back. 2.2% stock dividend. You have to remain wary of US banks because a lot of them can have a blowout at any time.
Profitable last quarter but lost money before. Insiders own 55% and continued to buy last month. Continues to pay dividend of about 2%. Good, regional bank that seems to know what they are doing.
If you are going to buy into regional banks there is a reason to be fearful, so you have to tread carefully. They were making money through all of the downturn. It has traded at much higher levels. They seem to know how to manage things. They are well within all of the regulatory levels. It is undervalued. The more banks that go under, the less competition. Leading bank in Pennsylvania
It used to pay a stock dividend, but now pays cash, which he likes. Feels that it has $4-$5 upside. The system that he uses, he is always looking at a minimum of 100% upside, often 200%-400%, so he wouldn’t buy it at this point in time. For people looking for smaller gains and a nice dividend, he could see why they would do it. Good management. Good financials and they are doing very, very well.