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These ratings are posted by site users; this content is not intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by Bankinvestor.com

Average returns on Tier1's ratings: Rating Avg. Return Annualized Key: - : rated buy, stock went down + : rated sell, stock went up +/- : rated hold + : rated buy, stock went up - : rated sell, stock went down strong buy -19.32% (over an avg. of 1868.00 days) -3.78% buy +35.14% (over an avg. of 7687.00 days) +1.67% hold +17.86% (over an avg. of 7383.00 days) +0.88% sell +19.00% (over an avg. of 7371.67 days) +0.94% strong sell +95.82% (over an avg. of 5954.00 days) +5.87% -- See performance by time period -- All ratings made during the year 2002 All ratings made during the year 2003 All ratings made during the year 2004 All ratings made during the year 2005 All ratings made during the year 2008 Ratings made during Nov, 2002 Ratings made during Apr, 2003 Ratings made during Jan, 2004 Ratings made during Feb, 2004 Ratings made during Jun, 2004 Ratings made during Sep, 2004 Ratings made during Oct, 2004 Ratings made during Jan, 2005 Ratings made during Jun, 2005 Ratings made during Jan, 2008

Jump to rating for: BRT   FPTB   GPT   NVSL   OCFC   RFBK   WAWL  

NOTE: areas highlighted in blue indicate that this user is sharing the highlighted information with their private group ONLY

-- BRT --
BRT	Jan. 4 2008, 1:37 PM ET	by Tier1 (view profile)	rating: Strong Sell
BRT performance: Price near date of rating (01/04/2008): 14.13 Recent price (04/23/2024): 17.94 Price change: +3.81 Dividends collected: 9.73 Gain/Loss over 5954 days: +13.54 +95.82% Annualized Gain/Loss: +5.87% Here's info on a company I think is a good short: BRT makes short term bridge loans on commercial real estate. It has 11.3 million shares outstanding and trades at around $15 per share. The co. also owns 625,000 shares of Entertainment Properties Trust (EPR) with a value of about $25 million. BRT has borrowed $12 million on its line of credit and has $57 million of trust preferreds outstanding. According to the 10-K filed a few weeks ago, BRT has a portfolio of 51 loans totalling $250 million. At September 30, 2007, seven of those loans totalling $63.6 million were not earning interest. An allowance of $5.9 million has been taken for these loans. Is a loan loss reserve of only 9.3% enough? BRT also has 44 mortgage loans totaling $186 million that are performing. A loan loss of $3 million has been taken on these loans. Again, the reserve may well be inadequate if more than a few of these loans go south. Of BRT's total loan portfolio, 28% (or $70 million) consisted of laons secured by existing multi-family and hotel properties being converted to condominiums. Of these loans, 54% (or $37.8 million) are not earning interest. There is substantial risk of additional losses since the condo conversion business is dead and loans made based on condo sell-out prices were inflated compared to loans made based on cash flow as a rental building. In adition, during fiscal 2007 (ended 9/30/07) BRT ramped up its loans on unimproved land. Now totals 17.5% ($43.8 million) of all loans, up from 12.3% the prior year. These are high risk loans since there is zero cash flow to repay the lender and development has slowed to a trickle. Further, 6% of BRT's loans ($14 million) are junior mortgages, junior participations or mezzanine loans. In addition, under a joint venture with CIT (of which BRT is a 25% joint venturer), $58.4 million in loans were made, of which there is no loan loss provision. Not including the CIT JV, 43% of BRT's loans are secured by properties in the NYC metropolitan area, 25% are for properties in Tennessee, 24% in Florida and 8% is dispersed throughout other states. The three largest mortgage loans were for $26.1 million, $24.8 million and $19.4 million and in the aggregate, these three loans account for 21.3% of total loans. In fiscal 2007, BRT lent $64 million (including those loans made by the CIT JV) to one borrower. According to the 10-K, this borrower "became incapacitated and is not able to manage his business or make business decisions." A guardian is being appointed. This could be a disaster (and at a minimum, BRT's new loans will shrink as this large borrower is no longer a customer . . .) . For additional info, see: http://seekingalpha.com/article/57637-what-s-buried-in-brt-realty-trust-s-10-k?source=yahoo Tier1 Was this user's rating of 'BRT' helpful to you? Currently:   5 said yes (of 5 -- 100.00%)
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-- FPTB --
FPTB	Nov. 21 2002, 12:55 PM ET	by Tier1 (view profile)	rating: Sell
FPTB performance: Price near date of rating (11/21/2002): 15.48 Recent price (09/30/2011): 11.33 Price change: -4.15 Dividends collected: 4.12 Gain/Loss over 7824 days: -0.03 -0.22% Annualized Gain/Loss: -0.01% Under-reserved for the huge growth in high-risk loan portfolio Was this user's rating of 'FPTB' helpful to you? Currently:   0 said yes (of 1 -- 0.00%)
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-- GPT --
GPT	Nov. 27 2002, 1:34 PM ET Rating changed on Feb. 5 2004, 08:23 AM ET	by Tier1 (view profile)	rating: Sell
GPT performance: Price near date of rating (05/21/2013): 30.00 Price near end of rating (05/21/2013): 30.00 Gain/Loss over 435 days: 0.00 0.00% Annualized Gain/Loss: 0.00% (1) Tens of millions of insider selling in 2002 (2) Lending to people with bad credit in a declining economy doesn't seem to be the gateway to riches. If you're the type of person (ie. a GPT customer) to stiff a creditor once, you'll do it again if you have to/ want to. Was this user's rating of 'GPT' helpful to you? Currently:   1 said yes (of 1 -- 100.00%)
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GPT	Feb. 5 2004, 08:23 AM ET Rating changed on Feb. 5 2004, 08:24 AM ET	by Tier1 (view profile)	rating: Hold
GPT performance: Price near date of rating (05/21/2013): 30.00 Price near end of rating (05/21/2013): 30.00 Gain/Loss over 0 days: 0.00 0.00% (1) Tens of millions of insider selling in 2002 (2) Lending to people with bad credit in a declining economy doesn't seem to be the gateway to riches. If you're the type of person (ie. a GPT customer) to stiff a creditor once, you'll do it again if you have to/ want to. UPDATE: 2/5/04: Now they've put themselves up for sale, I am moving to a neutral. Was this user's rating of 'GPT' helpful to you? Currently:   1 said yes (of 1 -- 100.00%)
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GPT	Feb. 5 2004, 08:24 AM ET	by Tier1 (view profile)	rating: Hold
GPT performance: Price near date of rating (05/21/2013): 30.00 Recent price (10/15/2018): 27.48 Price change: -2.52 Dividends collected: 7.878 Gain/Loss over 7383 days: +5.36 +17.86% Annualized Gain/Loss: +0.88% [ Comments shared with private group only ]
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-- NVSL --
NVSL	Oct. 23 2004, 9:49 PM ET	by Tier1 (view profile)	rating: Sell
NVSL performance: Price near date of rating (10/25/2004): 10.62 Recent price (01/15/2016): 10.95 Price change: +0.33 Dividends collected: 1.29268 Gain/Loss over 7123 days: +1.62 +15.28% Annualized Gain/Loss: +0.78% Of all the little piggies going public recently, this one seems to be the one to sell. 1.Spending a big chunk of the proceeds on new branches. 2. In a low-growth area 3. Insiders bought very little (lowest I've ever seen) in the conversion 4. Went out at ridiculous valuation considering its growth prospects and low volume (has roach motel written all over it). WAWL is a much better deal at these prices. Just my 2 cents, Tier1 Was this user's rating of 'NVSL' helpful to you? Currently:   2 said yes (of 2 -- 100.00%)
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-- OCFC --
OCFC	Apr. 8 2003, 10:27 AM ET	by Tier1 (view profile)	rating: Buy
OCFC performance: Price near date of rating (04/08/2003): 21.60 Recent price (04/23/2024): 15.44 Price change: -6.16 Dividends collected: 13.75 Gain/Loss over 7687 days: +7.59 +35.14% Annualized Gain/Loss: +1.67% OCFC is a boring but quality bank. They've been public for 6-7 years. South Jersey is a steady area and there hasn't been a housing boom that's ready to bust there (except perhaps for a couple of towns on the Northern end of South Jersey but that's not Ocean's bread and butter). Management continues to buy back stock, expand the franchise, and raise the dividend. Potential acquirers include: Provident (which has a contiguous footprint of branches); New York Community (their subsidiary, Richmond County Saivngs, bought South Jersey Savings a few years ago); Independence (a few North Jersey acquisitions in the past few years); Staten Island Savings has made a few acquisitions in Jersey as well over the past few years; and of couse, bigger boys like Charter One, etc. Was this user's rating of 'OCFC' helpful to you?
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-- RFBK --
RFBK	Jan. 30 2004, 6:24 PM ET Rating changed on Sep. 8 2004, 4:06 PM ET	by Tier1 (view profile)	rating: Strong Buy
RFBK performance: Price near date of rating (01/30/2004): 19.10 Price near end of rating (09/08/2004): 15.50 Gain/Loss over 221 days: -3.60 -18.85% Annualized Gain/Loss: -31.13% [ Comments shared with private group only ]
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RFBK	Sep. 8 2004, 4:06 PM ET	by Tier1 (view profile)	rating: Sell
RFBK performance: Price near date of rating (09/08/2004): 15.50 Recent price (07/17/2006): 22.00 Gain/Loss over 7168 days: +6.50 +41.94% Annualized Gain/Loss: +2.14% [ Comments shared with private group only ]
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-- WAWL --
WAWL	Jun. 16 2004, 5:23 PM ET Rating changed on Jan. 11 2005, 4:43 PM ET	by Tier1 (view profile)	rating: Strong Buy
WAWL performance: Price near date of rating (06/16/2004): 11.90 Price near end of rating (01/11/2005): 12.00 Gain/Loss over 209 days: +0.10 +0.84% Annualized Gain/Loss: +1.47% JOAC and JimmyBodeen hit the nail on the head for this little pig in wealthy Bergen County, NJ. But, let's clear up one thing: they have no plans for a dividend. CEO is 63 years old. Rest of Board is 79, 70,62, 76, 65 and 76. Insiders bought 9.9% at the IPO. Buy it. Forget about it. And in 3-5 years, you will have at least doubled yourmoney with a sweet sweet remutualization from one of the big Jersey mutuals (Spencer, Kearney, etc.) Tier1 Was this user's rating of 'WAWL' helpful to you? Currently:   6 said yes (of 6 -- 100.00%)
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WAWL	Jan. 11 2005, 4:43 PM ET Rating changed on Jun. 26 2005, 4:40 PM ET	by Tier1 (view profile)	rating: Strong Buy
WAWL performance: Price near date of rating (01/11/2005): 12.00 Price near end of rating (06/27/2005): 10.20 Gain/Loss over 165 days: -1.80 -15.00% Annualized Gain/Loss: -33.18% [ Comments shared with private group only ]
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WAWL	Jun. 26 2005, 4:40 PM ET Rating changed on Jun. 26 2005, 7:52 PM ET	by Tier1 (view profile)	rating: Strong Buy
WAWL performance: Price near date of rating (06/27/2005): 10.20 Price near end of rating (06/27/2005): 10.20 Gain/Loss over 0 days: 0.00 0.00% [ Comments shared with private group only ]
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WAWL	Jun. 26 2005, 7:52 PM ET	by Tier1 (view profile)	rating: Strong Buy
WAWL performance: Price near date of rating (06/27/2005): 10.20 Recent price (04/03/2018): 3.95 Price change: -6.25 Dividends collected: 1.735 Gain/Loss over 6877 days: -4.51 -44.26% Annualized Gain/Loss: -2.35% [ Comments shared with private group only ]
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