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Annapolis Bancorp, Inc. (ANNB) Message Board

arnierundel 1 post  |  Last Activity: May 5, 2014 2:06 PM Member since: Dec 5, 2011
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    Investment losses. What's going on?

    by alwayscertain May 2, 2014 12:08 AM
    arnierundel arnierundel May 5, 2014 2:06 PM Flag

    In previous years the increases in stockholders equity was prominently cited as one of the three or four bullet points in “Performance Highlights” on the inside cover of the annual report with the chairman’s and president’s letter to the stockholders. Not this year. Instead, they buried the bad news deep down in footnote 17 (literally). Their lack of candor is disappointing to say the least. A big number like this can’t be ignored and deserves an explanation.

    Sentiment: Hold

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