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EBSB
Strong Buy 
 50.00%
1 members
Buy 
 50.00%
1 members
Hold 
 0.00%
0 members
Sell 
 0.00%
0 members
Strong Sell 
 0.00%
0 members
 
Average rating: 1.50 (Strong Buy) 1.00 - 5.00 (Strong Sell) Total: 2 members

Annual growth of EBSB:

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

Jul. 10 2008, 2:27 PM ET
Nearest price: 3.82 (07/10/08)
by sbguy (profile)
(all of sbguy's ratings)
rating:
Strong Buy
[ No comment ]

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Currently: 
 1 said yes (of 1 -- 100.00%)

 
Apr. 29 2008, 01:12 AM ET
Nearest price: 4.04 (04/29/08)
by martinroad (profile)
(all of martinroad's ratings)
rating:
Buy
IPO in January 2008 @ $10

Current price = $9.92/share

$1 billion in assets
19.5% tangible equity/assets
MHC structure - holding company owns 55%

If EBSB completed an second step, proforma valuation based on offering shares to depositors at the following proforma tangible book multiples:

70% of TBV in offering, then is currently trading at at 75% of proforma TBV
80% of TBV in offering, then is currently trading at 69% of proforma TBV
90% of TBV in offering, then is currently trading at 63% of proforma TBV

Normally being this overcapitalized isn't a good thing. However, in this banking environment, capital is valuable. Further, given EBSB is trading at a substantial discount to proforma tangible book, that capital will be extremely valuable if utilized to repurchase shares at a discount to proforma TBV. I think this stock will much higher in 3 years than it is today (if it trades flat for another year, even better for long term shareholders as it probably means EBSB is able to repurchase stock at these levels which would be accrective to current shareholders).

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Currently: 
 14 said yes (of 14 -- 100.00%)

 

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