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TierOne Corp. Message Board

  • longapcvz longapcvz Apr 26, 2010 10:36 PM Flag

    Many stocks are hitting 2 year highs (TONE $3.2B asset)

    Many stocks are hitting 2 year highs (TONE $3.2B asset)

    which for TONE means $12/share. Look at the chart.

    In order for it to hit $12/share, their earnings needs to be about $0.30/share. 4 years ago, their earnings were $0.75/share. At $0.75/share earnings, their stock price was in the neighborhood of $24/share. I mean it's pretty simple math here guys. The thing about valuations is the market looks ahead, so if TONE comes in with solid earnings improvement (which I believe they will due to the improving market conditions), the stock could be trading at about $5/share within the week and $12/share by year end.

    Buy as much as you can.

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