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Louisiana Central Oil & Gas Co. Message Board

ramoswyandotte 6 posts  |  Last Activity: Aug 30, 2014 1:14 PM Member since: May 24, 2008
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  • ramoswyandotte by ramoswyandotte Aug 30, 2014 1:14 PM Flag

    Bought an initial position several weeks ago, then made it a full-sized one this week after the dividend announcement. In my humble opinion, banks with this profile are especially solid investments in this environment. My basic parameters are sub book value, ROA = 1%, ROE 10%, rising dividends. This one fits pretty well. Regards, Ray

    Sentiment: Strong Buy

  • ramoswyandotte ramoswyandotte Aug 16, 2014 3:04 PM Flag

    I agree. While buying back stock under book is a great use of capital, initiating even a modest dividend would also attract a whole new set of investors. Regards, Ray

    Sentiment: Strong Buy

  • ramoswyandotte by ramoswyandotte Aug 12, 2014 7:15 PM Flag

    While I'm excited about the fine progress they have made in the year since the IPO, I'm a little perturbed that they didn't wait for the secondary until the first year's performance had been recognized in the stock price. Sigh! I guess the opportunity to buy buildings and float new stock is right now. But I'm feeling a mite bit diluted all the same. Regards, Ray

    Sentiment: Buy

  • ramoswyandotte by ramoswyandotte Aug 10, 2014 9:56 PM Flag

    I'm buying Exchange Bank enthusiastically under book value. The Doyle Trust owns the majority, but I'm happy to ride along. Paid back TARP, so I expect a substantial dividend increase. A feel good stock when the kids at the college benefit too. Regards, Ray

  • ramoswyandotte ramoswyandotte Aug 10, 2014 9:24 PM Flag

    Looks like a nice value. Just completed foray into Charlotte. Expanding footprint into Virginia later this year. Buying back shares under book value is a great idea. These mutual conversions sometimes require patience, but I'm with you. Ray

    Sentiment: Strong Buy

  • Reply to

    proxy and result out for Y2013

    by clownbucks Jun 12, 2014 12:53 AM
    ramoswyandotte ramoswyandotte Jul 27, 2014 2:49 PM Flag

    Wish I could have been there. There were probably only a couple of people outside the board in attendance. Farmers and Merchants Trust Co. opened its office in Torrance about two years ago. While the expense recognition is immediate, it will take longer for revenue from the South Bay to catch up. But Jeff Hahn / Connie Jensen are a good pair. At least the annual dividend is right around the corner? May your patience be rewarded, Ray

LCNTU
2,465.000.00(0.00%)Sep 8 2:50 PMEDT

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