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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 WestWFA'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 +21.22%(over an avg. of 2749.43 days) +2.82%
buy +17.71%(over an avg. of 698.68 days) +9.25%
hold +3.15%(over an avg. of 886.62 days) +1.30%
sell -1.35%(over an avg. of 5.50 days) -89.59%


Jump to rating for: BKMU   BKMUD   CARS   EWBC   FNFG   FRO   KNBT   NARA   NFI   PFS   PVTB   RPFG   SFFS   SFL   SYNF   SYNFD   TONE   WGBC   WM   YANB  

NOTE: areas highlighted in blue indicate that this user is sharing the highlighted information with their private group ONLY
-- BKMU --
BKMU Feb. 26 2004, 6:30 PM ET
Rating closed on
Mar. 27 2004, 11:24 AM ET
by WestWFA (view profile) rating: Hold
BKMU performance:
Price near date of rating (02/26/2004): 10.90
Price near end of rating (03/29/2004): 11.05

Gain/Loss over 30 days: +0.15 +1.38% Annualized Gain/Loss: +16.79%
Feb 2004 - choking on cheese, NH money flow is killing the price, not that it needed much. Put a fork in it.

Nov 2003: One week of flushing loose shares completed and the stock quote says I am in at $11.75 which leaves me room for a +10% gain before the year is out. I will take a small bite of this cheese.

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-- BKMUD --
BKMUD Nov. 10 2003, 10:33 AM ET by WestWFA (view profile) rating: Buy
BKMUD performance:
Price near date of rating (11/10/2003): 11.60
Recent price (11/26/2003): 11.61
Price change: +0.01
Dividends collected: 0.035

Gain/Loss over 6555 days: +0.04 +0.39% Annualized Gain/Loss: +0.02%
Nov 2003: One week of flushing loose shares completed and the stock quote says I am in at $11.75 which leaves me room for a +10% gain before the year is out. I will take a small bite of this cheese.

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-- CARS --
CARS Dec. 31 2002, 2:44 PM ET
Rating closed on
Jul. 12 2003, 6:38 PM ET
by WestWFA (view profile) rating: Buy
CARS performance:
Price near date of rating (12/31/2002): 23.70
Price near end of rating (07/14/2003): 29.48
Price change: +5.78
Dividends collected: 0.816

Gain/Loss over 192 days: +6.60 +27.83% Annualized Gain/Loss: +52.91%
Buy anytime below $21. Capital Automotive (CARS) is a very unusual REIT that buys out the real estate under auto dealerships then has long term leases with the dealerships. No one else is in this niche. Helps dealerships gain access to capital. Md/Va base, originally an FBR IPO many moons ago. This stock is below most radar screens. Analysts and investors often got confused over what they do. No connection really to car sales data. Nice payout that has been slowly notched up each quarter. I would expect this stock to continue to climb (albeit more slowly) as they have lots of places to go to still make deals. I don't have market penetration data but would assume that they have not even come close to hitting 20% of the prime properties they could reach.

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-- EWBC --
EWBC Jan. 2 2003, 10:24 AM ET
Rating changed on
Mar. 17 2003, 10:31 AM ET
by WestWFA (view profile) rating: Hold
EWBC performance:
Price near date of rating (01/02/2003): 18.40
Price near end of rating (03/17/2003): 14.88
Price change: -3.52
Dividends collected: 0.05

Gain/Loss over 74 days: -3.47 -18.86% Annualized Gain/Loss: -93.03%
East West Bank - serves Chinese/American community mostly in LA. In mid 1990s was owned by Indonesian family that did a fast private sale when their country was up in flames. President = Ng , just love that last name. UCBH and CATY are competitors, well maybe better explained as C/A clones since their market territories do not overlap. Trading around $36 at Jan 1 2003, P/e of 19+. Once was my largest holding when it was way undervalued and misunderstood, exited after 2x to 3x performance... a little too soon. I like mgmt and bank but it is just market performer. Very enlightening quarterly analyst calls. What can you say about a bank that has the market cornered on loans to the local fishing industry! For the moment, there is a small opportunity to benefit from a trading range of 33-37.

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EWBC Mar. 17 2003, 10:31 AM ET
Rating closed on
Mar. 18 2003, 3:58 PM ET
by WestWFA (view profile) rating: Buy
EWBC performance:
Price near date of rating (03/17/2003): 14.88
Price near end of rating (03/18/2003): 15.44

Gain/Loss over 1 day: +0.56 +3.76% Annualized Gain/Loss: +1372.40%
East West Bank - serves Chinese/American community mostly in LA. In mid 1990s was owned by Indonesian family that did a fast private sale when their country was up in flames. President = Ng , just love that last name. UCBH and CATY are competitors, well maybe better explained as C/A clones since their market territories do not overlap. Trading around $36 at Jan 1 2003, P/e of 19+. Once was my largest holding when it was way undervalued and misunderstood, exited after 2x to 3x performance... a little too soon. I like mgmt and bank but it is just market performer. Very enlightening quarterly analyst calls. What can you say about a bank that has the market cornered on loans to the local fishing industry! For the moment, there is a small opportunity to benefit from a trading range of 33-37.

-----
Next quarter will be soft, below $30 is modestly attractive to reenter for a small position. March 17, 2003

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-- FNFG --
FNFG Jan. 4 2003, 4:46 PM ET
Rating changed on
Jan. 8 2003, 1:21 PM ET
by WestWFA (view profile) rating: Sell
FNFG performance:
Price near date of rating (01/06/2003): 10.43
Price near end of rating (01/08/2003): 10.51

Gain/Loss over 4 days: +0.08 +0.77% Annualized Gain/Loss: +70.26%
As the new FNFG... after MHC2 if they ever get it done. Sell. Take anything positive and be happy. I see this as dead money for months. Too much supply, not enough demand. P/e still high, p/book leaves little upside. The best FNFG idea was to short it two months ago... and I reached the conclusion too late to act. Argh.

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FNFG Jan. 8 2003, 1:21 PM ET
Rating closed on
Jan. 15 2003, 12:24 PM ET
by WestWFA (view profile) rating: Hold
FNFG performance:
Price near date of rating (01/08/2003): 10.51
Price near end of rating (01/15/2003): 11.06

Gain/Loss over 7 days: +0.55 +5.23% Annualized Gain/Loss: +272.71%
As the new FNFG... Take anything positive and be happy. Not much upside potential short term. Too much supply, not enough demand. P/e still high, p/book leaves little upside. The best FNFG idea was to short it two months ago... and I reached the conclusion too late to act. Argh.

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FNFG May. 3 2003, 12:10 AM ET
Rating closed on
Jul. 25 2003, 12:25 PM ET
by WestWFA (view profile) rating: Buy
FNFG performance:
Price near date of rating (05/05/2003): 12.70
Price near end of rating (07/25/2003): 16.07

Gain/Loss over 83 days: +3.37 +26.54% Annualized Gain/Loss: +116.71%
FNFG on May 2 is lagging the recent conversions. I think next qtr earnings should be good. A modest wager long with a target price just under $14.

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-- FRO --
FRO Mar. 21 2004, 8:28 PM ET
Rating changed on
Jun. 8 2004, 3:45 PM ET
by WestWFA (view profile) rating: Buy
FRO performance:
Price near date of rating (03/22/2004): 130.20
Price near end of rating (06/08/2004): 197.40

Gain/Loss over 78 days: +67.20 +51.61% Annualized Gain/Loss: +241.51%
Not just your father's thrift anymore!

Frontline: largest oil tanker company in the world, all double hulls, fleet includes Exxon Vadlez class + Suezmaxes. Lease rates for tankers are very high and FRO has booked virtually all time for the quarter so that they have quietly told folks they will post record earnings. Double hull is essential as they phase out single hull vessels (related to Spains oil tanker wreck) around the globe.

FRO also just had a whopping dividend that follows other strong dividends. There is a proposal to restructure the business creating a second entity. Very high crude prices will eventually have a dampening effect on oil demand which could be a negative. In the mean time, economies are strong enough to keep pushing up demand... especially related to Chine. Tanker construction will not solve the short term crunch as shipyards are heavily scheduled for container ships (remember world free trade is rising). FRO does not appear to be heavily followed.... well it did hit X's radar screen last summer and it is up over 100% since then. A little late to post this, but I think there is still a good amount of upside and I am buying more around $28.

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Currently: 
 3 said yes (of 3 -- 100.00%)

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FRO Jun. 8 2004, 3:45 PM ET
Rating changed on
Dec. 7 2004, 3:27 PM ET
by WestWFA (view profile) rating: Hold
FRO performance:
Price near date of rating (06/08/2004): 197.40
Price near end of rating (12/07/2004): 282.25
Price change: +84.85
Dividends collected: 79.215

Gain/Loss over 182 days: +164.06 +83.11% Annualized Gain/Loss: +166.68%
Update: changing rating June 8 to HOLD as we approach the big dividend payout. Still like the stock, but do not expect it to gain as rapidly from the $38 level (pre $5 div). One of my best holdings for the past year... all hail X for first mentioning it.

Prior comments: Not just your father's thrift anymore!

Frontline: largest oil tanker company in the world, almostly completely double hulls, fleet includes Exxon Vadlez class + Suezmaxes. Lease rates for tankers are very high and FRO has booked virtually all time for the quarter so that they have quietly told folks they will post record earnings. Double hull is essential as they phase out single hull vessels (related to Spains oil tanker wreck) around the globe.

FRO also just had a whopping dividend that follows other strong dividends. There is a proposal to restructure the business creating a second entity. Very high crude prices will eventually have a dampening effect on oil demand which could be a negative. In the mean time, economies are strong enough to keep pushing up demand... especially related to Chine. Tanker construction will not solve the short term crunch as shipyards are heavily scheduled for container ships (remember world free trade is rising). FRO does not appear to be heavily followed.... well it did hit X's radar screen last summer and it is up over 100% since then. A little late to post this, but I think there is still a good amount of upside and I am buying more around $28.

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Currently: 
 3 said yes (of 3 -- 100.00%)

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FRO Dec. 7 2004, 3:27 PM ET by WestWFA (view profile) rating: Strong Buy
FRO performance:
Price near date of rating (12/07/2004): 282.25
Recent price (10/20/2021): 9.49
Price change: -272.76
Dividends collected: 240.595

Gain/Loss over 6162 days: -32.17 -11.40% Annualized Gain/Loss: -0.68%
Update: Dec 6, late in the day after a $2 slide, FRO presents a good buying opportunity for a short term trade. Real time was $56.90 when I wrote this. All below still holds, but we are past SFL spinoff #3 and the $2.50 dividend.

Update: changing rating June 8 to HOLD as we approach the big dividend payout. Still like the stock, but do not expect it to gain as rapidly from the $38 level (pre $5 div). One of my best holdings for the past year... all hail X for first mentioning it. {Westy note - "hold" was dumb choice, but hold I did for 15k shares and then added in Nov}

Prior comments: Not just your father's thrift anymore!

Frontline: largest oil tanker company in the world, almostly completely double hulls, fleet includes Exxon Vadlez class + Suezmaxes. Lease rates for tankers are very high and FRO has booked virtually all time for the quarter so that they have quietly told folks they will post record earnings. Double hull is essential as they phase out single hull vessels (related to Spains oil tanker wreck) around the globe.

FRO also just had a whopping dividend that follows other strong dividends. There is a proposal to restructure the business creating a second entity. Very high crude prices will eventually have a dampening effect on oil demand which could be a negative. In the mean time, economies are strong enough to keep pushing up demand... especially related to Chine. Tanker construction will not solve the short term crunch as shipyards are heavily scheduled for container ships (remember world free trade is rising). FRO does not appear to be heavily followed.... well it did hit X's radar screen last summer and it is up over 100% since then. A little late to post this, but I think there is still a good amount of upside and I am buying more around $28.

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Currently: 
 3 said yes (of 3 -- 100.00%)

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-- KNBT --
KNBT Nov. 10 2003, 10:27 AM ET
Rating changed on
Feb. 26 2004, 6:32 PM ET
by WestWFA (view profile) rating: Buy
KNBT performance:
Price near date of rating (11/10/2003): 16.75
Price near end of rating (02/26/2004): 16.37

Gain/Loss over 108 days: -0.38 -2.27% Annualized Gain/Loss: -7.67%
After the first week of IPO certificate sell-off, KNBT looks a little more attractive. No gushing about the upside, but I can justify a few bucks higher, perhaps hitting $19 next spring and I will book any return above 10% in the near term and be happy.

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Currently: 
 1 said yes (of 3 -- 33.33%)

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KNBT Feb. 26 2004, 6:32 PM ET by WestWFA (view profile) rating: Strong Buy
KNBT performance:
Price near date of rating (02/26/2004): 16.37
Recent price (02/08/2008): 17.39
Price change: +1.02
Dividends collected: 1.2

Gain/Loss over 6447 days: +2.22 +13.56% Annualized Gain/Loss: +0.77%
Feb 2004 - NH money flow is creating a buying opportunity, worthy of an upgrade. Timing may be off a few days... but I like this stock a lot for a 3 year hold. Now looking for $22 by year end 2004.

First post: After the first week of IPO certificate sell-off, KNBT looks a little more attractive. No gushing about the upside, but I can justify a few bucks higher, perhaps hitting $19 next spring and I will book any return above 10% in the near term and be happy.

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Currently: 
 1 said yes (of 3 -- 33.33%)

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-- NARA --
NARA Dec. 31 2002, 2:37 PM ET
Rating changed on
Apr. 24 2003, 3:24 PM ET
by WestWFA (view profile) rating: Buy
NARA performance:
Price near date of rating (12/31/2002): 5.17
Price near end of rating (04/24/2003): 6.92
Price change: +1.75
Dividends collected: 0.025

Gain/Loss over 113 days: +1.77 +34.33% Annualized Gain/Loss: +110.89%
Low P/e, growing Korean/American bank, should trade closer to EWBC valuation which would be $12 higher than current price of $21 at year end.

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NARA Apr. 24 2003, 3:24 PM ET
Rating closed on
Apr. 24 2003, 3:25 PM ET
by WestWFA (view profile) rating: Hold
NARA performance:
Price near date of rating (04/24/2003): 6.92
Price near end of rating (04/24/2003): 6.92

Gain/Loss over 0 days: 0.00 0.00%
OK, after a nice run to a presplit $28, it is time to cash in some shares. I am lightening by 35% from my peak holding. Unforunately, there is no weighting of investment size, no partial liquidations on this system... so given the limitations I reluctantly will say at BI sell all and book the gain. This is my second largest holding even after the haircut. PFS is first. TONE third. With all three hitting 52 week highs in mid April, I am a very happy investor.

Original comment: Low P/e, growing Korean/American bank, should trade closer to EWBC valuation which would be $12 higher than current price of $21 at year end.

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NARA May. 8 2003, 2:00 PM ET
Rating closed on
Jun. 16 2003, 1:56 PM ET
by WestWFA (view profile) rating: Buy
NARA performance:
Price near date of rating (05/08/2003): 7.12
Price near end of rating (06/16/2003): 8.83

Gain/Loss over 39 days: +1.71 +24.02% Annualized Gain/Loss: +224.80%
Back in after 10% pull back. Record earnings, growth, and my revised target of $15 this year.

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NARA Jul. 23 2003, 12:56 PM ET
Rating changed on
Sep. 2 2003, 2:50 PM ET
by WestWFA (view profile) rating: Strong Buy
NARA performance:
Price near date of rating (07/23/2003): 9.45
Price near end of rating (09/02/2003): 10.35

Gain/Loss over 41 days: +0.90 +9.52% Annualized Gain/Loss: +84.75%
NARA got ahead of itself with the run up to $22 before earnings announcement. Now it has pulled back to about $18.50 and I am jumping back in. Earnings were just fine - someone must have expected a hot announcement.

NARA - a Korean American bank, HDQd in California with about 1 B in assets, recovering still from 90s riot problem, new mgmt is gettting them into other Korean communities accross the country. I would expect to be in the 20s before year end.

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NARA Sep. 2 2003, 2:50 PM ET
Rating closed on
Oct. 20 2003, 1:46 PM ET
by WestWFA (view profile) rating: Buy
NARA performance:
Price near date of rating (09/02/2003): 10.35
Price near end of rating (10/20/2003): 11.59
Price change: +1.24
Dividends collected: 0.025

Gain/Loss over 48 days: +1.27 +12.22% Annualized Gain/Loss: +92.92%
NARA got ahead of itself with the run up to $22 before earnings announcement. Now it has pulled back to about $18.50 and I am jumping back in. Earnings were just fine - someone must have expected a hot announcement.

Sept 2003 update: I will lock in what should be over a 7% gain in 42 days and shift to just a buy rating. NARA is a great ethnic bank that seems to have a couple of buy / sell cycles each year.

NARA - a Korean American bank, HDQd in California with about 1 B in assets, recovering still from 90s riot problem, new mgmt is gettting them into other Korean communities accross the country. I would expect to be in the 20s before year end

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-- NFI --
NFI Apr. 13 2004, 10:33 AM ET
Rating changed on
Jun. 8 2004, 3:52 PM ET
by WestWFA (view profile) rating: Buy
NFI performance:
Price near date of rating (04/13/2004): 167.56
Price near end of rating (06/08/2004): 146.36
Price change: -21.20
Dividends collected: 5.4

Gain/Loss over 56 days: -15.80 -9.43% Annualized Gain/Loss: -61.46%
NFI business model is misunderstood. There are a lot of folks who are short on this stock. Sub-prime lending sounds vaguely ugly to some. I think they are doing a decent job and it looks like after this blowoff, this stock will be dividend driven again. As a Reit, they are forced to payout 85% - and it looks like this will be a lot higher than $5 this year.

Bought Monday April 12 at $41.50 - got a bloodier hand trying to catch the falling knife too soon.

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Currently: 
 3 said yes (of 3 -- 100.00%)

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NFI Jun. 8 2004, 3:52 PM ET
Rating changed on
Dec. 9 2004, 02:48 AM ET
by WestWFA (view profile) rating: Strong Buy
NFI performance:
Price near date of rating (06/08/2004): 146.36
Price near end of rating (12/09/2004): 212.04
Price change: +65.68
Dividends collected: 11

Gain/Loss over 184 days: +76.68 +52.39% Annualized Gain/Loss: +103.93%
UPDATE: I am raising to strong buy, but this is clearly a whole lot more risk than most of my SB's. The lawsuit news is wearing thin. It sure looks like the downward slide is long over. Probability of not much stock price movement, but a double digit payout is pretty high. But, NFI dividend payouts should propel the stock higher. I am thinking that a 15 to 20% return by Jan 2004 is possible.

PRIOR COMMENTS: NFI business model is misunderstood. There are a lot of folks who are short on this stock. Sub-prime lending sounds vaguely ugly to some. I think they are doing a decent job and it looks like after this blowoff, this stock will be dividend driven again. As a Reit, they are forced to payout 85% - and it looks like this will be a lot higher than $5 this year.

Bought Monday April 12 at $41.50 - got a bloodier hand trying to catch the falling knife too soon.

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Currently: 
 3 said yes (of 3 -- 100.00%)

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NFI Dec. 9 2004, 02:48 AM ET by WestWFA (view profile) rating: Hold
NFI performance:
Price near date of rating (12/09/2004): 212.04
Recent price (01/16/2008): 1.94
Price change: -210.10
Dividends collected: 55.4

Gain/Loss over 6160 days: -154.70 -72.96% Annualized Gain/Loss: -4.32%
Dec 2004 UPDATE: Major up movement - time to downgrade to a hold.

UPDATE: I am raising to strong buy, but this is clearly a whole lot more risk than most of my SB's. The lawsuit news is wearing thin. It sure looks like the downward slide is long over. Probability of not much stock price movement, but a double digit payout is pretty high. But, NFI dividend payouts should propel the stock higher. I am thinking that a 15 to 20% return by Jan 2004 is possible.

PRIOR COMMENTS: NFI business model is misunderstood. There are a lot of folks who are short on this stock. Sub-prime lending sounds vaguely ugly to some. I think they are doing a decent job and it looks like after this blowoff, this stock will be dividend driven again. As a Reit, they are forced to payout 85% - and it looks like this will be a lot higher than $5 this year.

Bought Monday April 12 at $41.50 - got a bloodier hand trying to catch the falling knife too soon.

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Currently: 
 3 said yes (of 3 -- 100.00%)

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-- PFS --
PFS Jan. 15 2003, 12:27 PM ET
Rating changed on
Sep. 2 2003, 2:52 PM ET
by WestWFA (view profile) rating: Strong Buy
PFS performance:
Price near date of rating (01/16/2003): 15.50
Price near end of rating (09/02/2003): 20.74
Price change: +5.24
Dividends collected: 0.09

Gain/Loss over 229 days: +5.33 +34.39% Annualized Gain/Loss: +54.81%
Starting at $10 IPO, it is the obvious call. I expect a climb to $15 before the end of 2003. Good location, price/book should set the mark.

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PFS Sep. 2 2003, 2:52 PM ET
Rating closed on
Dec. 16 2003, 3:18 PM ET
by WestWFA (view profile) rating: Buy
PFS performance:
Price near date of rating (09/02/2003): 20.74
Price near end of rating (12/16/2003): 20.29
Price change: -0.45
Dividends collected: 0.05

Gain/Loss over 105 days: -0.40 -1.93% Annualized Gain/Loss: -6.71%
Starting at $10 IPO, it is the obvious call. I expect a climb to $15 before the end of 2003. Good location, price/book should set the mark.

Sept 2003 update: PFS clearly blew by my initial expectations and I think the surge is likely to taper off. I will shift to just a BUY and book the gain, at least in this cyber post. In real life, I will be keeping for LTCG treatment as these shares are taxable for me.

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-- PVTB --
PVTB Oct. 10 2003, 3:41 PM ET
Rating closed on
Oct. 28 2003, 3:14 PM ET
by WestWFA (view profile) rating: Buy
PVTB performance:
Price near date of rating (10/10/2003): 18.15
Price near end of rating (10/28/2003): 20.06

Gain/Loss over 18 days: +1.91 +10.52% Annualized Gain/Loss: +213.32%
A small dollar fling on a bank that specializes in servicing high networth individuals. Seems to be meeting the needs of this niche, and stock has performed well.

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PVTB Dec. 5 2003, 10:47 AM ET
Rating closed on
Dec. 16 2003, 3:17 PM ET
by WestWFA (view profile) rating: Buy
PVTB performance:
Price near date of rating (12/05/2003): 20.99
Price near end of rating (12/16/2003): 22.06
Price change: +1.07
Dividends collected: 0.02

Gain/Loss over 11 days: +1.09 +5.19% Annualized Gain/Loss: +172.21%
Small midwestern bank that aims for the high wealth, high asset household with lots of extra service functions. Seems to be a winner. Bought a couple of months ago and saw if move up nicely, now stepping in on a small pullback. Not sure if I am looking at a trading opportunity or a longer term investment. 20% upside perhaps, with 10% relatively short term. At the time I post this it is trading at $42.04 per share. (and this will erase the eubonics like last post)

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-- RPFG --
RPFG Oct. 23 2003, 01:31 AM ET
Rating closed on
Mar. 10 2004, 1:19 PM ET
by WestWFA (view profile) rating: Hold
RPFG performance:
Price near date of rating (10/23/2003): 16.63
Price near end of rating (03/10/2004): 16.18
Price change: -0.45
Dividends collected: 0.05

Gain/Loss over 139 days: -0.40 -2.41% Annualized Gain/Loss: -6.33%
Yawn. I jump into the ratings business of RPFG to say ho hum. There is little justification for a higher price and when the euphoria wears off, wet deer may move lower. Sorry, I have little respect for this backwater operation. For now, a hold.

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 1 said yes (of 1 -- 100.00%)

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-- SFFS --
SFFS Dec. 31 2002, 2:54 PM ET
Rating changed on
Jan. 26 2003, 9:50 PM ET
by WestWFA (view profile) rating: Buy
SFFS performance:
Price near date of rating (12/31/2002): 10.88
Price near end of rating (01/27/2003): 11.04

Gain/Loss over 26 days: +0.16 +1.47% Annualized Gain/Loss: +20.64%
After second step, I expect opening at between $10.80 and $11.50 with the stock slowly climbing to about $12 if overall market improves. In this market, that is a buy, in a more favorable market that would be ho hum. I like the franchise area, but both P/e and P/book are too high to be more enthusiastic. I will reevaluate after the first week of "new" trading.

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SFFS Jan. 26 2003, 9:50 PM ET
Rating changed on
Sep. 11 2003, 12:52 PM ET
by WestWFA (view profile) rating: Buy
SFFS performance:
Price near date of rating (01/27/2003): 11.04
Price near end of rating (09/11/2003): 15.82
Price change: +4.78
Dividends collected: 0.15

Gain/Loss over 227 days: +4.93 +44.66% Annualized Gain/Loss: +71.81%
More or less as I predicted first week. I would suggest $12-13 six months, maybe $13-15 about 14 months out. A modest performer until they start buying back shares.

Prior comment: After second step, I expect opening at between $10.80 and $11.50 with the stock slowly climbing to about $12 if overall market improves. In this market, that is a buy, in a more favorable market that would be ho hum. I like the franchise area, but both P/e and P/book are too high to be more enthusiastic. I will reevaluate after the first week of "new" trading.

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SFFS Sep. 11 2003, 12:52 PM ET
Rating changed on
Dec. 16 2003, 3:21 PM ET
by WestWFA (view profile) rating: Hold
SFFS performance:
Price near date of rating (09/11/2003): 15.82
Price near end of rating (12/16/2003): 15.16
Price change: -0.66
Dividends collected: 0.06

Gain/Loss over 96 days: -0.60 -3.79% Annualized Gain/Loss: -14.41%
Sept 2003 Update: Book it Danno. Yes, this will perform well over the next three years but most of near term move is done.

Sound outperformed my expectations YTD. I initially thought $12-13 six months, maybe $13-15 about 14 months out. Absent the wave of enthusiasm for all thrifts that would probably been about right.

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SFFS Dec. 16 2003, 3:21 PM ET by WestWFA (view profile) rating: Buy
SFFS performance:
Price near date of rating (12/16/2003): 15.16
Recent price (07/17/2006): 20.72
Price change: +5.56
Dividends collected: 0.66

Gain/Loss over 6519 days: +6.22 +41.03% Annualized Gain/Loss: +2.30%
Dec 2003 - upon pull back, I will vote in favor of a small rebound rather than the begining of a major thrift correction. Looking for a $1 short term. Maybe we are getting some flip and roll behavior in PFS and Sound as people ready for New Haven.... but that is many weeks off.

Sept 2003 Update: Book it Danno. Yes, this will perform well over the next three years but most of near term move is done.

Sound outperformed my expectations YTD. I initially thought $12-13 six months, maybe $13-15 about 14 months out. Absent the wave of enthusiasm for all thrifts that would probably been about right.

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-- SFL --
SFL Nov. 20 2004, 11:41 AM ET by WestWFA (view profile) rating: Strong Buy
SFL performance:
Price near date of rating (11/22/2004): 23.40
Recent price (10/20/2021): 8.68
Price change: -14.72
Dividends collected: 26.42

Gain/Loss over 6179 days: +11.70 +50.00% Annualized Gain/Loss: +2.95%
SFL, spinoff of FRO, an owner of VLCC and suezmax crude oil tanker that was created June 2004. Since then the stock is up over 40%. SFL has a profit sharing agreement with FRO that boosts earnings when the leaseback vessels collect rates above a specified thresfhold. SFL is owed about $19M beyond what they got paid ytd, or about $0.30/share. Much, much more coming in the in a few months as tanker rates are about 10x the breakeven point in Nov 2004. In late November two actions: $0.45 dividend (11/23) and FRO will spinoff additional 2 shares per 15 increasing liquidity. In a few more months expect all of the remaining shares held by FRO to be trading. As of Nov 2004 initial rec - buy the stock and reevaluate every three months. More conservative play would be buy the stock and sell the Feb 25 call for $1.00 which probably will get you $1 premium + $0.45 dividend + $2.50 potential appreciation, or about a 17.5% target gain in three months. (too bad our rating section can't handle a combo suggestion like this)

Disclosure: I own 18k shares, with 40 Feb contracts at $25 strike price.

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Currently: 
 3 said yes (of 3 -- 100.00%)

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-- SYNF --
SYNF Feb. 9 2004, 1:07 PM ET
Rating closed on
Feb. 13 2004, 1:37 PM ET
by WestWFA (view profile) rating: Strong Buy
SYNF performance:
Price near date of rating (02/09/2004): 10.65
Price near end of rating (02/13/2004): 10.66

Gain/Loss over 4 days: +0.01 +0.09% Annualized Gain/Loss: +8.21%
OK, I will join the parade two weeks late. I am accumulating a 10k position in the Mid-10 range. I see nothing but a slow climb up to perhaps 16. The moment to buy SNYFD under 10 will pass soon. Perhaps New Haven deal will flush out some more shares in February.

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SYNF Mar. 10 2004, 1:18 PM ET
Rating closed on
Feb. 4 2005, 8:46 PM ET
by WestWFA (view profile) rating: Buy
SYNF performance:
Price near date of rating (03/10/2004): 10.60
Price near end of rating (02/04/2005): 12.86
Price change: +2.26
Dividends collected: 0.12

Gain/Loss over 331 days: +2.38 +22.45% Annualized Gain/Loss: +24.76%
xxxxD vs xxxx - very confusing for BI's system. Back to just the four letter stocks, but the prior comment still holds.

OK, I will join the parade two weeks late. I am accumulating a 10k position in the Mid-10 range. I see nothing but a slow climb up to perhaps 16. The moment to buy SNYFD under 10 will pass soon. Perhaps New Haven deal will flush out some more shares in February.

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-- SYNFD --
SYNFD Feb. 13 2004, 1:37 PM ET
Rating closed on
Mar. 10 2004, 1:14 PM ET
by WestWFA (view profile) rating: Buy
SYNFD performance:
Price near date of rating (02/13/2004): 10.66
Price near end of rating (02/18/2004): 10.74

Gain/Loss over 26 days: +0.08 +0.75% Annualized Gain/Loss: +10.53%
OK, I will join the parade two weeks late. I am accumulating a 10k position in the Mid-10 range. I see nothing but a slow climb up to perhaps 16. The moment to buy SNYFD under 10 will pass soon. Perhaps New Haven deal will flush out some more shares in February.

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Currently: 
 3 said yes (of 3 -- 100.00%)

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-- TONE --
TONE Dec. 31 2002, 2:48 PM ET
Rating changed on
Jul. 25 2003, 12:28 PM ET
by WestWFA (view profile) rating: Buy
TONE performance:
Price near date of rating (12/31/2002): 15.16
Price near end of rating (07/25/2003): 23.28

Gain/Loss over 205 days: +8.12 +53.56% Annualized Gain/Loss: +95.36%
Negatives: drought hitting farming/ranching in NE, out of area loans in Denver, Seattle, NY?
Positives: decent one shot franchise value in NE, should climb to high teens this year given book value.
Keep near term and re-evaluate in 6 months. Watch earnings and non-performers.

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 5 said yes (of 5 -- 100.00%)

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TONE Jul. 25 2003, 12:28 PM ET
Rating changed on
Jul. 25 2003, 12:33 PM ET
by WestWFA (view profile) rating: Buy
TONE performance:
Price near date of rating (07/25/2003): 23.28
Price near end of rating (07/25/2003): 23.28

Gain/Loss over 0 days: 0.00 0.00%
Negatives: drought hitting farming/ranching in NE, out of area loans in Denver, Seattle, NY?
Positives: decent one shot franchise value in NE, should climb to high teens this year given book value.
Keep near term and re-evaluate in 6 months. Watch earnings and non-performers.

Updated July 26: TONE is stretched out to much here. I will switch to a strong sell and look for a short term pullback. Maybe, I can erase the earlier bad selections that contaminate my overall ratings! Too bad we can't weight the choices as I had more passion for NARA, TONE, CARS and PFS then some of the other choices.

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 5 said yes (of 5 -- 100.00%)

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TONE Jul. 25 2003, 12:33 PM ET
Rating changed on
Jul. 25 2003, 12:35 PM ET
by WestWFA (view profile) rating: Sell
TONE performance:
Price near date of rating (07/25/2003): 23.28
Price near end of rating (07/25/2003): 23.28

Gain/Loss over 0 days: 0.00 0.00%
Negatives: drought hitting farming/ranching in NE, out of area loans in Denver, Seattle, NY?
Positives: decent one shot franchise value in NE, should climb to high teens this year given book value.
Keep near term and re-evaluate in 6 months. Watch earnings and non-performers.

Updated July 26: TONE is stretched out to much here. I will switch to a strong sell and look for a short term pullback. Maybe, I can erase the earlier bad selections that contaminate my overall ratings! Too bad we can't weight the choices as I had more passion for NARA, TONE, CARS and PFS then some of the other choices.

Dumb me, I forgot to change the actual rating - short term sell.

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 5 said yes (of 5 -- 100.00%)

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TONE Jul. 25 2003, 12:35 PM ET
Rating closed on
Aug. 1 2003, 2:29 PM ET
by WestWFA (view profile) rating: Sell
TONE performance:
Price near date of rating (07/25/2003): 23.28
Price near end of rating (08/01/2003): 22.47

Gain/Loss over 7 days: -0.81 -3.48% Annualized Gain/Loss: -181.46%
Negatives: drought hitting farming/ranching in NE, out of area loans in Denver, Seattle, NY?
Positives: decent one shot franchise value in NE, should climb to high teens this year given book value.
Keep near term and re-evaluate in 6 months. Watch earnings and non-performers.

Updated July 26: TONE is stretched out to much here. I will switch to a strong sell and look for a short term pullback. Maybe, I can erase the earlier bad selections that contaminate my overall ratings! Too bad we can't weight the choices as I had more passion for NARA, TONE, CARS and PFS then some of the other choices.

Dumb me, I forgot to change the actual rating - short term sell. Looking for a couple buck pull back in the next two weeks.

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 5 said yes (of 5 -- 100.00%)

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TONE Dec. 9 2004, 02:53 AM ET
Rating closed on
Dec. 6 2005, 12:50 PM ET
by WestWFA (view profile) rating: Buy
TONE performance:
Price near date of rating (12/09/2004): 24.95
Price near end of rating (12/06/2005): 30.29
Price change: +5.34
Dividends collected: 0.22

Gain/Loss over 362 days: +5.56 +22.28% Annualized Gain/Loss: +22.46%
Back to TONE to recommend a BUY. TONE is a Nebraska based thrift of decent size. Has constantly been rumored to be ready to sell off at a good price. Oct 2005 is the 3 yr anniversary of the IPO. With 10 months to go, time to buy. Virtually all of year 2 it moved sideways. Now it is slowly climbing. Buyout target of $30-32 which is a something like a 20-30% gain. You get a small dividend in the interim. Without the presumed desire to sell, this thrift would be only a so so investment.

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-- WGBC --
WGBC Dec. 31 2002, 3:02 PM ET
Rating closed on
Feb. 9 2004, 1:35 PM ET
by WestWFA (view profile) rating: Hold
WGBC performance:
Price near date of rating (12/31/2002): 13.90
Price near end of rating (02/09/2004): 18.12
Price change: +4.22
Dividends collected: 0.44

Gain/Loss over 405 days: +4.66 +33.53% Annualized Gain/Loss: +30.22%
I don't get this stock. Very high price relative to earnings. Bank did IPO/MHC about 4 years ago and second step MHC about 10 months ago. They have made some really horrible loan decisions with the first traunch of money. Bucks county outside of Philly. I can't get excited about this bank and if it rises any further would have to think it is a short prospect. I don't see any hidden values. YANB is more compelling as an acquisition target just across the river.

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-- WM --
WM Dec. 9 2003, 11:27 AM ET
Rating closed on
Jan. 15 2004, 12:07 PM ET
by WestWFA (view profile) rating: Buy
WM performance:
Price near date of rating (12/09/2003): 29.32
Price near end of rating (01/15/2004): 28.55

Gain/Loss over 37 days: -0.77 -2.63% Annualized Gain/Loss: -25.94%
Wamu - on 12/9 they announced they would fall short of 2003 earnings by a little, BUT that they had already slashed the mortgage refi staff starting in August of 2003 and were going to cut more. Market punishing them in typical overreaction. OK, lets take a small ride on the back of the Wamu whale.... in at $40.60 (not just here, real dollars) with an expectation that the stock will snap back to about $42 before year end.

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-- YANB --
YANB Dec. 31 2002, 2:58 PM ET
Rating closed on
Aug. 20 2003, 1:10 PM ET
by WestWFA (view profile) rating: Buy
YANB performance:
Price near date of rating (12/31/2002): 17.24
Price near end of rating (08/20/2003): 20.91
Price change: +3.67
Dividends collected: 0.345

Gain/Loss over 231 days: +4.02 +23.29% Annualized Gain/Loss: +36.80%
Yardville National - in the Trenton/Princeton part of NJ. Recently raised more mulla at about $16 per share. They have been expanding their biz at a high pace the last 5 years, seems like they have a decent formula for making money. I have only started to watch them and would be interested in what others thought.

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