On Apr 30, 3:21=A0pm, Cyberiade.it Anonymous Remailer
<anonym...@[EMAIL PROTECTED]
> wrote:
> BCSB "cooks the books" to show a measly profit of $55,000.00 for the
> quater ending March 31, 2008.
>
> And then they only raised $17M of what was supposed to be $30-40M in
> the second tier offering (after three resounding failures).
>
> If BCSB only got $17M, then how much of a future bad position did
> President Joseph Bouffard really put the bank in?
>
> You can be sure of one thing though, Joseph Bouffard the the BCSB Board
> of Directors will be implementing all kinds of salary, bonus, stock
> options, tax services, car allowances (and every other kind of
> compensation imagineable) to enrich themselves while diluting
> shareholder (eg. BCSB ****-holder) value.
>
> Just google "Don't Come Home to BCSB" when you get a chance!
>
> http://biz.yahoo.com/prnews/080429/netu126.html?.v=3D30
I think somebody meant "cooks the books"
Anyways: http://baltcosavings.tripod.com/
BTW: With BCSB only earning $0.02 per share (extrapolated to $0.08 per
annum), what are shareholders who are buying this stock "willy nilly"
smoking? That's a P/E (price/earnings) ratio of something like 144
when most public-traded banks have P/E ratios in the mid to high teens
maybe. Some shareholder(s) are going to be taken to the cleaners when
this stocks corrects. Besides, most banks see a rise in their stock
price in an interest-rate decreasing environment. By all accounts, the
Federal Reserve is *done* lowering interest rates for quite some time
now. And interest rates have nowhere to go, but up! When this happens
(look at past history), banks see their profits drop in an interest-
rate rising environment. It can only be a matter of time before the
stock price of BCSB drops preciptiously!
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