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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 thriftsuckr1'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 +42.71%(over an avg. of 7617.50 days) +2.05%
buy -9.71%(over an avg. of 7198.67 days) -0.49%


Jump to rating for: CFFN   CHEV   MIIX   NWSB   UBNK  

NOTE: areas highlighted in blue indicate that this user is sharing the highlighted information with their private group ONLY
-- CFFN --
CFFN Nov. 26 2002, 09:37 AM ET by thriftsuckr1 (view profile) rating: Strong Buy
CFFN performance:
Price near date of rating (11/26/2002): 27.14
Recent price (07/17/2024): 6.27
Price change: -20.87
Dividends collected: 27.38

Gain/Loss over 7904 days: +6.51 +23.99% Annualized Gain/Loss: +1.11%
[ Comments shared with private group only ]
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-- CHEV --
CHEV Jun. 22 2004, 7:26 PM ET by thriftsuckr1 (view profile) rating: Strong Buy
CHEV performance:
Price near date of rating (06/22/2004): 12.14
Recent price (05/23/2016): 15.01
Price change: +2.87
Dividends collected: 4.58716

Gain/Loss over 7331 days: +7.46 +61.43% Annualized Gain/Loss: +3.06%
[ Comments shared with private group only ]
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-- MIIX --
MIIX Oct. 24 2003, 11:48 AM ET by thriftsuckr1 (view profile) rating: Buy
MIIX performance:
Price near date of rating (10/24/2003): 0.87
Recent price (09/28/2006): 0.01

Gain/Loss over 7573 days: -0.86 -98.85% Annualized Gain/Loss: -4.76%
miix has been a disaster of a company [many fbr clients may remember it well ] . it is a med mal insurer which is in solvent runoff [it's not broke , yet , but has stopped writing policies ]. this one came out at about 15 bucks , and has been killed by a combination of bad management , med mal trends , poorly thought out expansion , etc. . management has consistently underreserved. it is a type of a liquidating trust at present [it's not called that , that's my take on it ] and the question is whether anything will be left for shareholders when all claims are paid . what i like about it is the nature of limited liability in corporations . if they've underreserved and they work through their equity , shareholders are not expected to make up any shortfall . they can only lose their investment [it trades at a little under a buck per share ]. on the other hand , if by some miracle they've finally underreserved there can be substantial reversions to shareholders . their book per share now is $3.81 . they "estimate" it will be $4.06 per share in 2007 . their estimates have been bad in the past and may be bad again . i like this as a businessman's risk , based on probabilism . when you buy the stock at a buck , you get almost 70 bucks per share in reserves . if those reserves are in excess [and there is at least some chance that is the case ] the result can be striking . for purposes of analysis [and these are just guesses] i assume there is a 20% chance that the reserves are 10% or more underreserved , a 20 % chance that reservers are 5% short , a 40% chance that reserves are on target and a 10 % chance each that reserves are over by 5% and 10% . on that basis i get an "expected" value of about $3.39 per share [not present valued ]. at 20% x 0 + 20% x $ .34 + 40 % x $ 3.81 + 10 % x $ 7.28 + 10 % x $ 10.76 . for purposes of this analysis i have ignored increases in book due to net investment income . the company has a very large nol cfwd . so - although it is hard to make an intelligent judgement as to the likely future state of current reserves , if we assume some type of a normal distribution , even with a bias toward bad outcomes , we seem to develop significant values [albeit , with a significant possibility of a zero reversion to shareholders . full disclosure , i own this piece of crap .

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-- NWSB --
NWSB Nov. 19 2003, 8:42 PM ET by thriftsuckr1 (view profile) rating: Buy
NWSB performance:
Price near date of rating (11/19/2003): 20.94
Recent price (12/17/2009): 25.21
Price change: +4.27
Dividends collected: 4.28

Gain/Loss over 7546 days: +8.55 +40.83% Annualized Gain/Loss: +1.97%
[ No comment ]

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-- UBNK --
UBNK Oct. 24 2006, 6:48 PM ET by thriftsuckr1 (view profile) rating: Buy
UBNK performance:
Price near date of rating (10/24/2006): 14.69
Recent price (10/31/2019): 14.12
Price change: -0.57
Dividends collected: 4.815

Gain/Loss over 6477 days: +4.25 +28.90% Annualized Gain/Loss: +1.63%
i own a fair amount of this , so i may be biased , but i think it just keeps going up . i'm an expert at selling things too soon , so my being positive about this one is unusual . they've continued to grow their deposits and loans , and if i recollect , their tangible book per public share is 16.50 + , so it seems not to be expensive . i think i'll hold this at least until the second step

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