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Century Bancorp Inc. Message Board

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  • mikebert mikebert Jul 14, 1999 7:15 AM Flag

    Takeover rumors

    EPS still growing. Long term rate still in upper
    teens. I've owned this stock for 17 months and am still
    underwater. I paid too much, but if I paid too much in Feb
    1998 then some day perhaps somebody else will pay too
    much for my shares and I can get the return from EPS
    growth in the interim.

    Oh well, you live and

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    • Paying $23.50 for this stock won't be too high.
      This bank is a moneymaker in terms of profitability.
      This bank should be trading at $26.00, which is about
      2.5 X book value. Because of the stock's poor
      performance, the board is going to have to take some action on
      its own, like a 3 for 2 stock split. I think this
      will happen no later than the 1st quarter of 2000.
      This bank has yet to split its stock. Any comments?

42.50-0.06(-0.14%)Apr 29 4:00 PMEDT