I was just wondering what the stock market was looking for.
I think HCBK should stop paying dividends and this would probably cause the market to view the stock more correctly. If EPS is $1.2 and tanigble book value is 10.93
then in 1 year tangible book is 12.13 which is the same as today's price.
If you want to take out all the NPL's aand minus it than HCBK's tangible book would be 9.73
Then in 2 years HCBK's tangible book is 12.13
So unless you are valuing the stock that HCBK would only exist for 2 more years the current stock price is impossible.
Don't fall victim to the sensationalists from earnings seasons. Regadrdless or not if the current quarter was good, every quarter would be good for HCBK given its price.
Zions gets to be valued at tangible book making negative money.
HCBK avoids subprime has some of the lowest npl's and make growing earnings and we languish at this b.s price.
ya know i love this stock on the balance sheet values a lot !
yet i am now getting shaken out of most my position because of the stock price action
the bastardo has a point garbage stock price has poorly recovered and it is up way less then other banks i know
so again i return to banks with 15% to 20% equity .aka ORIT and IROQ etc...HCBK is grossly undervalued unless there is major blow up but seems many are betting on just that with stock price weak and not able to bounce too many sellers ???
long smaller position due to stock price action....king bastardo has a point....
some people think there some truth to eff. market theory like the price tells you all you need to know, well , it ain't dogma , but it is part of the info that goes against what we might believe about balance sheet and future prospects.
maybe the market is pricing in a lot of loss due to borrowing and lending with rates moving too rapid lower ...???? or could it be the sour loans? or could be just another rout that will be but a blip in history as this fine bancorp trades north of it's 9.58 book value in few months time ????
so much pressure here...
this has been painful but I am in for long haul
still think we will be back above 12 by end of year and midteens in 2012
seems like all the dumpers are getting their air time
in the meantime getting 4% on money, so now more bullish
You are the one who raved about the dividend and how much you made by investing 70k right before the ex-div date a while back. So now they should cut the dividend because you have lost a ton of money. Unbelievable. You thought you were smart, but now you are dumb. I'm sorry but I had to say it. Should have sold.....>:(
Why can't you guys just post your opinion without the the name calling. Is this computer rage or what .Most stocks fluctuate in price because of investor emotion anyway. Who is right or wrong....make your investment and we will see.
Keep relying on categorizations like 'prime borrowers' and you learn the truth about your Leona Helmsley style book of bloat and hot air.
For our newer readers, allow me to remind you that the Helmsley estate took a horrific haircut, on the order of -70% from peak 2005 pricing, in order to dump her Connecticut 'gold coast' estate home.
Prime is the new sub prime, friends.
The bigger they are, the more they have to lose...and fall.
What an unfriendly message board this is, where's the love? You guys tape notes containing investment information to the shafts of arrows that you shoot into eachother's hides. Is that way of trading opinions fun for you?
HCBK has very high fixed funding costs squeezing the NIM. Nice guys, prudent guys finish last in finance. HCBK is an innocent bystander that caught a bullet in the Fed and GSE drive by shooting. Unless they can find some very low cost deposits through M&A they will be dead in the water until mortgage rates rise to expand their NIM. Fannie and Freddie are squeezing them right now and if the trend continues they will end up with a negative NIM. If you want prudent lending without high funding costs buy TBNK not HCBK.
But if you are like me and fear a double dip then sell just about everything because cash will be king soon.
Bye bye now, I'll leave you folks to your squabbling.
Maybe do some research tamere instead of talking out of your a.ss
Earnings for the year totaled $527.2 million, or
$1.07 per diluted share. This is an 18.3% increase
over 2008. During 2009, our net interest margin
grew to 2.21% from 1.96% in 2008 as funding costs
decreased at a faster pace than the yields on our
interest-earning assets. One important component
there are good folks here, they are staying quiet while the aholes=br thrive.
we have 1 jerk here who boldly said hcbk's problems were due to its TARP :)
Funny thing....hcbk took no TARP, how's that for a jerk???
he is the boards entertainment :)