Using a valuation with $90 oil is like rrastromono being assumed to have a 90 IQ when in fact we all know better. 53 is correct on both points.
Well can it service its debt? It seems to be pretty much hedged for next year and it is selling at half its book but is there a cash flow problem?
Just selling for way below book is not enough reason to buy- sometimes book is inflated and there are other issues. Here insiders are buying like crazy so I've been pretty comfy with this stock. NO rush to buy today but any dips are opportunities.
Its a bit like CNO my biggest holding - it was selling at $2 and insiders were buying - many doubted the asset value and ... take a look.
and does this help anyone- an anonymous poster bragging about profits?
if you look at fish2026 you will see I paid in the $2s and posted at the time -many times. Traders lose in the long run as you will if you havent already.
Buy the stock - hold it and shut up LOL
This was the opinion of analysts today after a meeting with CNO's Management. I've said this all along and CNO is my biggest holding with many shares bought several years ago in the $2 range. I also bought a few shares at $6.90 so I'm not always right.
I can't predict short term but I still know this is a great long term holding. PNX is similarly attractive
I wrote them. Are the assets carried at fair value?
They have different numbers for equity which is best?
I know what yahoo says - anyone understand this company?
They post $25 and $33.
Which do you think is more accurate - and why?
If you're only motive is to pump or pan this company find another thread please. This is for investors who actually know GNW
I agree too much crap on here Yahoo ought to rid itself of anonymous posting.
Anyway APKB provides lots of info but its a hunt. Most 10Qs have a full balance sheet but AKPB just has selected info- I had to find it in the 10k. I was looking for Goodwill and intangibles. Bank of America and many other banks are full of this worthless asset but I was happy to find AKPB has none.
The negatives - its still under OTB watch but its slowly improving its ratios and there is some cushion but not as much as most banks that would be classified as healthy or safe. Also there are 12 million in loans on watch-if they all went totally bad APKB would lose 1/3 of its book value- on the other hand if all banks had their slow loans go bad 60% would be belly up.
The postives are it has a nice interest spread twice as good as Bank of America or Citybank as well as many smaller banks over 5% is Nice!
Its earning money from continuing operations- at a nice clip.
IT sells for well below its book value of $23 and that's an honest book value.
uncertainty - I am totally ignorant of the SE Alaskan Economy and its prospects. Alaska usually fares better than the rest of the country but - I'm clueless here.
I'm not sanguine on banks in general but at $5.80 I will grab a few shares. Wish me luck - I still have one kid at home an 11yr old who likes pedis and a dog who wants "people food" Steve Fischer email@example.com
BAC has a great branch network and is selling below even tangible book, however reading through its financial statements it seems its net interest yield is only 2.5% down from 2.8% a year ago. Most healthy banks have an over 5% yield. Without extraordinary gains, BAC showed a loss and with this low yield, will continue to show one in the future. It does have decent coverage of its bad loans.
Just by comparison and the size difference is huge. A small bank I cover, Alaska Pacific Bancshares has almost twice the yield and is selling at 1/4 book but not as good coverage of the bad loans.
If you check my posts - I've posted on here off and on. Bought a bunch of this at $2 and said it would be fine long term.
As long as internals continue to improve and it sells below its intrinsic value its a buy. I'm not here pumping every week - and there is no need to buy today, but its a nice accumulation.
PNX and RAS are somewhat similar and good long term buys. PNX has been around $1.50 and RAS around $5