"TierOne Corporation is the parent company of TierOne Bank, a $2.9 billion federally chartered savings bank headquartered in Nebraska. Founded in 1907, TierOne Bank offers customers a wide variety of full-service consumer, commercial and agricultural banking products and services through a network of 69 banking offices located in Nebraska, Iowa and Kansas. "
But now, its market capitalizations are just $9 million ?
Mkt cap $14.79M!!Total Assets $3.1 Billions
Total Equity $244.43 Million
244.43/18.03 = 18$/share
Revenue (ttm): 61.47M
Revenue Per Share (ttm): 3.63
Total Cash (mrq): 51.44M
Total Cash Per Share (mrq): 2.85
Book Value Per Share (mrq): 13.55
With $2.9 Billion assets, $9 million market capitalization does NOT make sense at all. It's well undervalued, absolutely!
Will buy a lot more from here. Looking for passing $1 mark, then, $2-$3.
Buyers Accumulating Shares of TierOne on 2.7x Above-Average Volume (TONE)
Written on Fri, 04/23/2010 - 11:39
By Chip Brian
Shares of TierOne (NASDAQ:TONE) are trading up 15.8% to $0.58 today on above average volume. Approximately 1.1 million shares have traded hands today vs. average 30-day volume of 292,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of TONE to see if this bullish momentum will continue.
SmarTrend is bullish on shares of TierOne and our subscribers were alerted to buy on April 12, 2010 at $0.45. The stock has risen 28.7% since the alert was issued.
tomorrow open 4.6$