Author: balti_phuckedbalti_phucked Date: Sep 8, 2008 13:55
If you saw yesterday's Baltimore Sun's Money section dated September
7, 2008, one couldn't help but notice the Sun stocks listed.
Did you see the P/E (price versus earnings ratio) for BCSB?
I FELL OFF MY CHAIR!
BCSB P/E equals 204.86
A review of every other bank listed among the Sun stocks revealed none
with a higher P/E than 19.33 (Sun Trust Bank) with Severn Bancorp at a
low of 7.12
Either way you slice it or dice it, BCSB is selling for a premium of
approx 10 times their closest competitor.
Folks, BCSB is not SunTrust or Bank of America or Carrollton Bancorp
or Provident Bank or anyone else for that matter!
Considering the measly earnings generated year over year at BCSB, the
stock should be selling for less than a dollar. At some point, BCSB
will align with the rest of the financials.
GOD HELP YOU IF YOU OWN BCSB AT TODAY'S CLOSING PRICE OF $11.14
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