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Commercial Capital Bancor (CCBI) Message Board

  • pvbud pvbud Aug 21, 2003 12:49 PM Flag

    Look Again

    It's time to change horses. CCBI has done well however much of their revenue has been from creation of new and/or re-financing loans. That revenue stream is largely over. CCBI has good management but the retail banking side must be given time to develop. At P/E of about $17, its time to take profits perhaps returning in the future.
    An alternative, look at UBMT, up 16.9 percent since August 1st plus dividend, TMCV a solid, small bank, and BAC at a P/E of 12, plus dividends. God, how I love 'em!

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    • I just took a look at tmcv. I don't think it is a good buy for the following reasons:

      (1) It is an OTC BB stock, no auditing report or annual report is available at SEC site.
      (2) More than half of its income comes from "other income" which I assume it is re-fi related income. If this "other income" is cut by half in the future, the PE ratio of TMCV will become about 20.
      (3) Its non-performing loan grows from 0.1% to more than 1.2% of its outstanding loans. I don't know whether this is a trend. But it looks like that way.

      Overall, tmcv is not a good buy at all. Good luck to your position.

    • Good luck to you, but I love the eps estimates over the next couple of quarters for CCBI. From a percentage standpoint, you wont see that from many banks. They are using revenue's to grow business. Management seems solid. I will buy on any dips.


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