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Hudson City Bancorp, Inc. Message Board

  • j2s18 j2s18 Jul 22, 2010 3:22 PM Flag

    HCBK highest rating at MAO

    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.

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10.12-0.07(-0.69%)Oct 30 4:00 PMEDT