TheLion.com - Forum

Date: 04/19/2010 19:48

Forum: 1st Constitution Bancorp - Msg #18

Thread #672965490 (Rec: 0)

I am going to continue to add more here in my IRA to just sit and wait...FCCY one of the safest banks in america...book value $10 (Current $8)...and TNCC services a very affluent area with very low non performing assets..book value $20 (trading at $8.50) and earnings on the 21st. Both are pretty good regional banks, trading at a discount.

FCCY should trade at 1.2-1.5 book value since it's very healthy should be $12-$15 (it also does a 105:100 split once a year, which is like a divi because the price doesn't really change much and you just get more shares)...so when stability comes to the banks I see this as a $12-$15 stock

TNCC is a little more risky but still everything seems to be in order...I think it deserves to trade at least $13-$15 here in this uncertain environment.

Either way these are great stocks to put in your IRA and just sit on them and wait, very low risk and potential high rewards.

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