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Hudson City Bancorp, Inc. Message Board

ryanruiz100 582 posts  |  Last Activity: Dec 27, 2014 6:48 AM Member since: Jun 10, 2008
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  • Reply to

    Business is Booming

    by starz4300 Sep 25, 2014 2:46 PM
    ryanruiz100 ryanruiz100 Dec 27, 2014 6:48 AM Flag

    Thanks for your feedback. One more question, why does it seem that other insurance companies are exiting the market or raising prices? The only explanation I heard was Hurricane Sandy but that was 2 years ago.

  • ryanruiz100 ryanruiz100 Dec 27, 2014 6:46 AM Flag

    That's correct dicken. It means they don't put any lead in their product, which it's hard to get components that have lead in them anymore anyways.

  • Reply to

    Business is Booming

    by starz4300 Sep 25, 2014 2:46 PM
    ryanruiz100 ryanruiz100 Dec 25, 2014 1:15 PM Flag

    Why do you think Kingstone is getting this business? I assume because their prices are low? Will this trend continue? A

  • Reply to

    Don't be shocked if this thing pop to $6 EOY

    by arroz_33 Dec 4, 2014 8:49 AM
    ryanruiz100 ryanruiz100 Dec 4, 2014 2:58 PM Flag

    What a worthless bunch of comments.

  • Reply to

    Barron's pop

    by jackmaster20 Oct 20, 2014 10:16 AM
    ryanruiz100 ryanruiz100 Nov 4, 2014 3:30 PM Flag

    How is their ebidta going to jump to over $500 million next year? That was the only thing in the article that made shares sound attractive. Efficient market my rear. If it were wlefficient there would be no such thing as a Barron's pop.

  • ryanruiz100 by ryanruiz100 Oct 17, 2014 3:21 PM Flag

    I held CGMFX from 2004 to 2014. Heebner hasn't done a thing since early 2008. That was 6 years ago. I'm rereading "One Up on Wall Street" by Peter Lynch, written in 1990. Lynch describes Heebner as a great, up there with John Neff, Michael Price, etc. But his dry spells seem to keep getting longer and longer. I can take volatility. I can take underperformance. What I can't take is not having anything to show for it. Heebner is getting up there in age and I can't see myself buying one of his funds again. Quite frankly I'm not really interested in pursing "hotshot fund managers" anymore, as most of them are benefitting from their investment style being favored at the moment. For the most part, it's a sucker's game. I wish everyone the best.

  • ryanruiz100 ryanruiz100 Oct 11, 2014 1:52 PM Flag

    I've been following this company for the past few months, but believe things will be getting worse a lot sooner than they get better. Reason: $87 million in EBIDTA last quarter, $57 million in interest. They HAVE to do something serious to have any resemblance of financial stability. The former CEO of Michael Food-the one who ran it since 2009 and sold it as a company barely making a profit, is still there today. The fact the CEO and COO are leaving at the same time is suspicious. Did the board ask them to leave? Is their strategy not playing out and the board does not like their vision going forward?

    More importantly, what is going to turn this ship around? A lot of people were in this stock because of Stiritz' genius. He is leaving. What does that leave us? A company in debt with a bunch of of hodgepodge low margin businesses. Why do I follow this company? I'll check in when I see it at $15 a share or something. I seriously believe it's going to head that way.

  • Let me explain-They say to focus on EBIDTA, but that's a common statement for companies with tons of debt. At the end of the day, interest expense is a REAL expense just like everything else, and they must pay that interest via cash flow generated from a razor thin margin in a declining industry. I'm not a "food industry" analyst by any means but have seen this enough. A company in the food industry (ie Diamond Foods or Dean Foods) takes on a bunch of debt to buy a variety of businesses, then runs into financial problems. POST is buying a bunch of generic companies with no namebrand recognition. It's "organic" and "healthy" type foods, what is supposed to be the growth driver since cold cereal is in a terminal decline in this "run out the door in the morning" day and age, is also down YOY. So, where is the growth driver? Where is the growth going to come from? Not MFI. They also ran on razor thin margins and had tons of debt, hardly profitable. POST had $87 million in EBIDTA last quarter, but $57 million in interest! So let's say they get their debt all paid off in 5 years (unlikely). That's $30 million a quarter in gross profit, not even including depreciation and all that goodwill they will have! But let's stick with that. That's $120 million a year. Let's say after taxes they can earn $75 million. That means this company is trading at 20x earnings less depreciation or interest! I can't see this trading more than 12x earnings .

    This does not even account for the discount people should be paying since it's winding up a highly leveraged company diluting shareholders! I plan on staying away for a few quarters at least and it wouldn't surprise me if things got worse before they got better. I fail to see a growth driver here.

    Explain how I'm wrong.

  • ryanruiz100 by ryanruiz100 Sep 6, 2014 6:03 PM Flag

    First they delay filing of quarterly reports, now, on Friday, they resigned as WRLD's auditor?

  • I am curious about your opinion of fair market value of GSBC? I gather the following: GSBC earned .79 per share last quarter, which is full fledged a "normalized" EPS. I can't see them earning much more without expanding operations and entering new markets. They are currently at $32 a share. USB, meanwhile, has actually higher ROA and ROE but they have scale. They also earned $.80 a share. BBT meanwhile has been earning around $.60-.70 a share. Both USB and BBT trade at higher prices than GSBC. Why is this so? GSBC maintainied it's dividend during the height of the 2008 financial crisis, and bought banks during the downturn. I have been a fan of GSBC and it's management since learning about them I 2009, and will continue to buy GSBC in the years ahead. If 2008 showed us who the weaklings and stalwarts are, it tells me GSBC will be a well managed bank in the decades ahead, so long as a Turner is in charge.

  • Reply to

    AFSI already answered all Alpert's questions

    by ode2id Jun 2, 2014 11:34 AM
    ryanruiz100 ryanruiz100 Jun 2, 2014 12:56 PM Flag

    Where? I do not see it. Last article was 5/19, was an investor presentation at Sanford Bernstein

  • Reply to

    Barron's should be investigated

    by eyexcelsior May 31, 2014 11:52 AM
    ryanruiz100 ryanruiz100 Jun 1, 2014 3:47 PM Flag

    The article has no smoking gun. I expect a selloff at the beginning of the week though.

  • Reply to

    Denny crane...schmuck again...!!!

    by rivvir Feb 3, 2014 8:13 PM
    ryanruiz100 ryanruiz100 Feb 3, 2014 11:18 PM Flag

    Thank god I don't waste time with this #$%$ anymore. Looking at jobless reports. Saying you're going to buy in at the bottom, Saying you bought GOOG at the high yesterday, saying now's a good time to buy blue chips, looking at indicators, bragging that you've been in cash for 2 weeks. There's only one person that makes money with that kind of thought process: the broker.

  • ryanruiz100 by ryanruiz100 Dec 31, 2013 12:08 PM Flag

    Sure beats the dark ages of 2008-2012. How many of you have your confidence restored in Heebner, to at least be able to make money? Or to pull off one of his blow away years here?

  • His life revolves around bashing HCBK on this website. Soon, the HCBK board won't exist anymore. It's going to leave a big empty hole in his life.

  • Reply to

    height of pessimism

    by challenge_your_limit Jul 25, 2012 6:14 AM
    ryanruiz100 ryanruiz100 Jul 27, 2012 11:41 AM Flag

    You guys do realize TARP was a loan, right? The government is getting all that money back?

  • Reply to

    Opinions other than Oppenheimer's

    by gatorgal50 Mar 30, 2012 9:24 AM
    ryanruiz100 ryanruiz100 Mar 30, 2012 3:52 PM Flag

    Why did Oppenheimer downgrade? Valuation? Competition? Other?

  • Reply to

    Piss poor performance again, when does it stop?

    by warchie Mar 12, 2012 3:26 AM
    ryanruiz100 ryanruiz100 Mar 17, 2012 1:14 AM Flag

    It's doing good year to date though.

  • ryanruiz100 ryanruiz100 Feb 22, 2012 1:33 AM Flag

    Are you going to sell your stocks when that happens? What are you going to put the money in? Commemorative Plates?

  • Reply to

    "Outstanding 2010 start"

    by didoo36 Jan 9, 2010 7:37 AM
    ryanruiz100 ryanruiz100 Feb 3, 2012 7:18 PM Flag

    I never sold any but He sure is testing my patience.

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